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An Apple Pie Company knows that the number of pies sold each day varies from day to day. The owner believes that o. 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $1.50 each. Assume that unsold pies are thrown out at the end of the day. If the company sells the pies for $5 each, then the probability distribution for the daily profit is...?

An Apple Pie Company knows that the number of pies sold each day varies from day to day. The owner believes that o. 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $1.50 each. Assume that unsold pies are thrown out at the end of the day. If the company sells the pies for $5 each, then the probability distribution for the daily profit is...?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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An Apple Pie Company knows that the number of pies sold each day varies from day to day. The owner believes that on 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $1.50 each. Assume that unsold pies are thrown out at the end of the day. If the company sells the pies for $5 each, then the probability distribution for the daily profit is...? Gelect one: O a. A Profit (P) $400 $600 P(P) 0.50 0.25 $800 0.25 B P(P) Profit (P) $200 $550 0.50 0.25 $700 0.25 Profit (P) $500 $750 $1.000 P(P) 0.50 0.25 0.25 d. Profit (P) $200 $450 $700 P(P) 0.50 0.25 0.25 9:06 AM
Transcribed Image Text:An Apple Pie Company knows that the number of pies sold each day varies from day to day. The owner believes that on 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $1.50 each. Assume that unsold pies are thrown out at the end of the day. If the company sells the pies for $5 each, then the probability distribution for the daily profit is...? Gelect one: O a. A Profit (P) $400 $600 P(P) 0.50 0.25 $800 0.25 B P(P) Profit (P) $200 $550 0.50 0.25 $700 0.25 Profit (P) $500 $750 $1.000 P(P) 0.50 0.25 0.25 d. Profit (P) $200 $450 $700 P(P) 0.50 0.25 0.25 9:06 AM
je=2 DS The peak shopping time at home improvement store is between 8:00 AM-11:00 AM on Saturday mornings. Management at the home improvement store randomly selected 55 customers last Saturday morning-and decided to observe their shopping habits. They recorded the number of items that each of the customers purchased as well as the total time the customers spent in the store. Identify the types of variables recorded by the home improvement store. Select one: O a. number of items - continuous; total time - discrete O b. number of items - continuous; total time - continuous O c. number of items - discrete; total time - discrete o d. number of items - discrete; total time - continuous 9:05 AM
Transcribed Image Text:je=2 DS The peak shopping time at home improvement store is between 8:00 AM-11:00 AM on Saturday mornings. Management at the home improvement store randomly selected 55 customers last Saturday morning-and decided to observe their shopping habits. They recorded the number of items that each of the customers purchased as well as the total time the customers spent in the store. Identify the types of variables recorded by the home improvement store. Select one: O a. number of items - continuous; total time - discrete O b. number of items - continuous; total time - continuous O c. number of items - discrete; total time - discrete o d. number of items - discrete; total time - continuous 9:05 AM
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