A restaurant has three sources of revenue: eat-in orders, takeout orders, and the bar. The daily revenue
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A restaurant has three sources of revenue: eat-in orders, takeout orders, and the bar. The daily revenue from each source is normally distributed with mean and standard deviation shown in the table below.
a. Will the total revenue on a day be normally distributed?
b. What are the mean and standard deviation of the total revenue on a particular day?
c. What is the probability that the revenue will exceed $7,000 on a particular day?
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Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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