d. Find the 25-th and the 95-th percentiles of the distribution of revenue when A = 2. [The p-th percentile is that value of R, R_p, such that P(R < R_p) = p]. e. Compute the level of advertisement expenditure to ensure that the probability of revenue being larger than $110,000 is 0.95. Show an explanatory graph.
d. Find the 25-th and the 95-th percentiles of the distribution of revenue when A = 2. [The p-th percentile is that value of R, R_p, such that P(R < R_p) = p]. e. Compute the level of advertisement expenditure to ensure that the probability of revenue being larger than $110,000 is 0.95. Show an explanatory graph.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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please answer the question in the attached picture with work shown, thanks!
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