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A gas statopm sells an average of $1,000.00 per day of gas with a standard deviation of $100.00. Assuming sales are normally distributed, what is the probability that total sales for a 7 day period are $,7,700.00 or more.
Statistics and Probability, Statistics
Assume that the class consists of 45 percent freshmen, 20 percent sophomores, 20 percent juniors, and 15 percent seniors. Assume further that 50 percent of the freshmen, 50 percent of the sophomores, 25 percent of the ju ...
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Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 8.24 percent. The initial outlay ...
1. A chemical supply company ships a certain solvent in 10-gallon drums. Let X represent the number of drums ordered by a randomly chosen customer. Assume X has the following probability mass function (pmf). The mean and ...
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In an effort to check the quality of their cell? phones, a manufacturing manager decides to take a random sample of 10 cell phones from? yesterday's production? run, which produced cell phones with serial numbers ranging ...
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