Total gross profits G on a randomly selected day at Tims Toys follow a distribution that is
Question:
Total gross profits G on a randomly selected day at Tim’s Toys follow a distribution that is approximately Normal with mean $560 and standard deviation $185. The cost of renting and maintaining the shop is $65 per day. Let P = profit on a randomly selected day, so P = G − 65. Describe the shape, center, and variability of the probability distribution of P.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
When expenditure of 65 is subtracted from gross profit G of a randomly selected day the ...View the full answer
Answered By
Vincent Ngeno
In 2020, I started tutoring students online to offer alternative aid to their studies during covid-19 pandemic. Since I have been working from home, I have spent the few hours left after job to offer tutorial services to statistics and mathematics students at a small fee. 3 students turned to 5, 5 turned to 10 students and the number kept growing. The students loved the sessions and currently the number stands at 6000 students distributed globally. I have doubled the tutoring hours to effectively cover the students' needs and my general availability to address students tasks.
I have done sessions on " decision making and problem solving" for IT students as support services to other discipline.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
