A Cape Town-based restaurant has three sources of revenue: eat-in orders, take-out orders and a bar....

 

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A Cape Town-based restaurant has three sources of revenue: eat-in orders, take-out orders and a bar. The daily revenue from each source is normally distributed with mean and standard deviation shown in Table 2, below. Source Eat-in Take-out Bar Question 9 Mean R11 560 R1 282 R1 424 Standard deviation Table 2: The means and standard deviations of revenues across the three sources Question 10 R284 R156 R144 Determine the probability that the revenue from the bar exceeded R1 300 on a particular day. (4 mark Determine the minimum amount spent on eat-in orders by the top 5 percent of spenders on a particular day. (4 A Cape Town-based restaurant has three sources of revenue: eat-in orders, take-out orders and a bar. The daily revenue from each source is normally distributed with mean and standard deviation shown in Table 2, below. Source Eat-in Take-out Bar Question 9 Mean R11 560 R1 282 R1 424 Standard deviation Table 2: The means and standard deviations of revenues across the three sources Question 10 R284 R156 R144 Determine the probability that the revenue from the bar exceeded R1 300 on a particular day. (4 mark Determine the minimum amount spent on eat-in orders by the top 5 percent of spenders on a particular day. (4

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10 Solution Let and Bar respectively ET f 1 and B be the revenue from Eatin T... View the full answer