1 Problem 15 32 Consider Problem 15 4 again The local entrepeneur Jerry Woodside has a restaurant on the island On every sunny day, his turnover (in dollars) has an N(1,2 1) distribution with 1 1,000 and 1 200, while onrainy dayshisturnover is N(2,2 2) distributed with 2 500and2 75 What is the long run average sales per day

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Question: 1. Problem 15.32 Consider Problem 15.4 again. The local entrepeneur Jerry Woodside has a restaurant on the island. On every sunny day, his turnover (in

1. Problem 15.32 Consider Problem 15.4 again. The local entrepeneur Jerry Woodside has a restaurant on the island. On every sunny day, his turnover (in dollars) has an N(μ1,σ2 1) distribution with μ1 = 1,000 and σ1 = 200, while onrainy dayshisturnover is N(μ2,σ2 2) distributed with μ2 = 500andσ2 = 75.

What is the long-run average sales per day?

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