A waiterbelieves the distribution of his tips has a model that is slightly skewed to the left, with a mean of $8.60 and a standard deviation of $4.20. He usually waits on about 50 parties over a weekend of work. a) Estimate the probability that he will earn at least $450. b) How much does he earn on the best 5% of such weekends?
A waiterbelieves the distribution of his tips has a model that is slightly skewed to the left, with a mean of $8.60 and a standard deviation of $4.20. He usually waits on about 50 parties over a weekend of work. a) Estimate the probability that he will earn at least $450. b) How much does he earn on the best 5% of such weekends?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A waiterbelieves the distribution of his tips has a model that is slightly skewed to the left, with a mean of $8.60 and a standard deviation of $4.20. He usually waits on about 50 parties over a weekend of work.
a) Estimate the probability that he will earn at least $450.
b) How much does he earn on the best 5% of such weekends?
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