Question: Use the information provided below to answer questions 9 to 11. A Cape Town-based restaurant has three sources of revenue: eat-in orders, take-out orders and

 Use the information provided below to answer questions 9 to 11.

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

Use the information provided below to answer questions 9 to 11. 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 Mean Standard deviation Eat-in R11 560 R284 Take-out R1 282 R156 Bar R1 424 R144 Table 2: The means and standard deviations of revenues across the three sources Question 9 (4 marks) Determine the probability that the revenue from the bar exceeded R1 300 on a particular day. A 0.3051 B 0.6949 C 0.8051 D 0.1949 Question 10 (4 marks Determine the minimum amount spent on eat-in orders by the top 5 percent of spenders on a particular day. A R11 574 B R13 915 C R12 027 D R11 093

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!