The average number of days in a 4-week period where online sales for a local business are at least $1,000 is 5.2 days (5.2 days per 28 days (4 weeks)). If online sales in each 4 week period are independent of one another and the amount of $1,000 sales days in one period does not affect or influence the number of $1,000 sales days in any other period and these $1,000 sales days are spread evenly throughout the period then answer the following questions: (round final answers to 5 decimal places) What is the probability that there will be more than 3, $1,000 online sales days in a 4- week period? What is the probability that there will be less than 2, $1,000 online sales days in a 1- week period? What is the probability that there will be at least 2, $1,000 online sales days in a 1-week period?
The average number of days in a 4-week period where online sales for a local business are at least $1,000 is 5.2 days (5.2 days per 28 days (4 weeks)). If online sales in each 4 week period are independent of one another and the amount of $1,000 sales days in one period does not affect or influence the number of $1,000 sales days in any other period and these $1,000 sales days are spread evenly throughout the period then answer the following questions: (round final answers to 5 decimal places) What is the probability that there will be more than 3, $1,000 online sales days in a 4- week period? What is the probability that there will be less than 2, $1,000 online sales days in a 1- week period? What is the probability that there will be at least 2, $1,000 online sales days in a 1-week period?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Transcribed Image Text:The average number of days in a 4-week period where online sales for a local business
are at least $1,000 is 5.2 days (5.2 days per 28 days (4 weeks)). If online sales in each 4
week period are independent of one another and the amount of $1,000 sales days in
one period does not affect or influence the number of $1,000 sales days in any other
period and these $1,000 sales days are spread evenly throughout the period then
answer the following questions: (round final answers to 5 decimal places)
What is the probability that there will be more than 3, $1,000 online sales days in a 4-
week period?
What is the probability that there will be less than 2, $1,000 online sales days in a 1-
week period?
What is the probability that there will be at least 2, $1,000 online sales days in a 1-week
period?
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