Question: Mx= 45.7 My = 58.2 ex.y = 0.2432 0x = 5.2 6Y = 4.1 Suppose you own a restaurant. On any given weekday, you


Mx= 45.7 My = 58.2 ex.y = 0.2432 0x = 5.2 6Y = 4.1 Suppose you own a restaurant. On any given weekday, you sell X appetizers and Y entrees with the following parameters. Let's say your weekday income consists only of $7.45 per appetizer and $17.50 per entre. Round to two decimal places. 1. What is the expected revenue on any given business day? 2. What is the standard deviation of revenue on any given business day?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
