• The manager of a children's puppet theater has determined that the number of tickets he sells for a Saturday afternoon show is a random variable (T) with a mean of 32.7 and a standard deviation of 4.9 tickets. The tickets sell for $12. Let M = the money he collects from tickets on a random Saturday. (M = 12T) What are the mean and standard deviation of M? (Round to hundredths place. Do not use units in answer.) • Mean of M = • Standard Deviation of M = It costs $125 for the manager to put on each show. Let P = profit from a random Saturday's show. So P = M – 125. What are the mean and standard deviation of P? (Round to hundredths place. Do not use units in answer.) • Mean of P = Standard Deviation of P = Assuming the probability distribution of P (profit) is normally distributed, what is the probability the profit for the show is greater than $200? (Round to hundredths place. Write as a decimal - not percentage.) • P(profit > 200) =
• The manager of a children's puppet theater has determined that the number of tickets he sells for a Saturday afternoon show is a random variable (T) with a mean of 32.7 and a standard deviation of 4.9 tickets. The tickets sell for $12. Let M = the money he collects from tickets on a random Saturday. (M = 12T) What are the mean and standard deviation of M? (Round to hundredths place. Do not use units in answer.) • Mean of M = • Standard Deviation of M = It costs $125 for the manager to put on each show. Let P = profit from a random Saturday's show. So P = M – 125. What are the mean and standard deviation of P? (Round to hundredths place. Do not use units in answer.) • Mean of P = Standard Deviation of P = Assuming the probability distribution of P (profit) is normally distributed, what is the probability the profit for the show is greater than $200? (Round to hundredths place. Write as a decimal - not percentage.) • P(profit > 200) =
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![• The manager of a children's puppet theater has determined that the number of tickets he sells for a Saturday afternoon show is a random variable
(T) with a mean of 32.7 and a standard deviation of 4.9 tickets.
The tickets sell for $12. Let M = the money he collects from tickets on a random Saturday. (M = 12T) What are the mean and standard deviation of
M? (Round to hundredths place. Do not use units in answer.)
• Mean of M =
• Standard Deviation of M =
It costs $125 for the manager to put on each show. Let P = profit from a random Saturday's show. So P = M – 125. What are the mean and standard
deviation of P? (Round to hundredths place. Do not use units in answer.)
• Mean of P =
• Standard Deviation of P =
Assuming the probability distribution of P (profit) is normally distributed, what is the probability the profit for the show is greater than $200? (Round to
hundredths place. Write as a decimal - not percentage.)
P(profit > 200) =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5678b0f8-8d38-4ce6-835c-dae695ed5eb7%2F72b2f018-2dbd-4412-839c-baee729028cf%2F8qghswi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:• The manager of a children's puppet theater has determined that the number of tickets he sells for a Saturday afternoon show is a random variable
(T) with a mean of 32.7 and a standard deviation of 4.9 tickets.
The tickets sell for $12. Let M = the money he collects from tickets on a random Saturday. (M = 12T) What are the mean and standard deviation of
M? (Round to hundredths place. Do not use units in answer.)
• Mean of M =
• Standard Deviation of M =
It costs $125 for the manager to put on each show. Let P = profit from a random Saturday's show. So P = M – 125. What are the mean and standard
deviation of P? (Round to hundredths place. Do not use units in answer.)
• Mean of P =
• Standard Deviation of P =
Assuming the probability distribution of P (profit) is normally distributed, what is the probability the profit for the show is greater than $200? (Round to
hundredths place. Write as a decimal - not percentage.)
P(profit > 200) =
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