A university snack bar indicates that the mean daily revenue is $1500 and the standard deviation is $500. The daily revenue distribution is skewed to the right due to several high volume days (football game days). What is the probability that on a random day the revenue is more than $1500? (Hint: Which is the shape of the daily revenue distribution?) O 0.68 O 0.5 0 None of the other options We cannot estimate the probability because the daily revenue distribution is unknown.
A university snack bar indicates that the mean daily revenue is $1500 and the standard deviation is $500. The daily revenue distribution is skewed to the right due to several high volume days (football game days). What is the probability that on a random day the revenue is more than $1500? (Hint: Which is the shape of the daily revenue distribution?) O 0.68 O 0.5 0 None of the other options We cannot estimate the probability because the daily revenue distribution is unknown.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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