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Determine the probability that the revenue from the bar exceeded R1 300 on a particular day.

Determine the probability that the revenue from the bar exceeded R1 300 on a particular day.

A First Course in Probability (10th Edition)
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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Use the information provided below to answer questions 9 to 11. A Cape Town-based restaurant has three sources of revenue: eat-in orders, take-out orders and a bar. The daily revenue from each source is normally distributed with mean and standard deviation shown in Table 2, below: Source Eat-in Take-out Bar Question 9 Table 2: The means and standard deviations of revenues across the three sources. A 0.3051 B 0.6949 C 0.8051 D 0.1949 Question 10 Determine the probability that the revenue from the bar exceeded R1 300 on a particular day. Mean R11 560 R1 282 R1 424 A R11 574 B R13 915 C R12 027 D R11 093 Standard deviation Question 11 R284 R156 R144 Determine the minimum amount spent on eat-in orders by the top 5 percent of spenders on a particular day. A 0.0298 B 0.0191 C 0.0064 D 0.8118 Determine the probability that on a particular day, the restaurant generated revenues of exactly R11 699.16, R1 394.32 and R1 596.80 from the eat-in orders, take-out orders and the bar respectively. Assume that the three revenue sources are independent of each other.
Transcribed Image Text:Use the information provided below to answer questions 9 to 11. A Cape Town-based restaurant has three sources of revenue: eat-in orders, take-out orders and a bar. The daily revenue from each source is normally distributed with mean and standard deviation shown in Table 2, below: Source Eat-in Take-out Bar Question 9 Table 2: The means and standard deviations of revenues across the three sources. A 0.3051 B 0.6949 C 0.8051 D 0.1949 Question 10 Determine the probability that the revenue from the bar exceeded R1 300 on a particular day. Mean R11 560 R1 282 R1 424 A R11 574 B R13 915 C R12 027 D R11 093 Standard deviation Question 11 R284 R156 R144 Determine the minimum amount spent on eat-in orders by the top 5 percent of spenders on a particular day. A 0.0298 B 0.0191 C 0.0064 D 0.8118 Determine the probability that on a particular day, the restaurant generated revenues of exactly R11 699.16, R1 394.32 and R1 596.80 from the eat-in orders, take-out orders and the bar respectively. Assume that the three revenue sources are independent of each other.
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