A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $35 and a standard deviation of $24. Suppose the store had 299 customers this Sunday. a) Estimate the probability that the store's revenues were at least $10,600. b) If, on a typical Sunday, the store serves 299 customers, how much does the store take in on the worst 1% of such days? a) The probability is (Round to four decimal places as needed.) b) The store takes in at most $. (Round to two decimal places as needed.) BEKEN

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
help
A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $35 and a standard deviation of
$24. Suppose the store had 299 customers this Sunday.
a) Estimate the probability that the store's revenues were at least $10,600.
b) If, on a typical Sunday, the store serves 299 customers, how much does the store take in on the worst 1% of such days?
a) The probability is.
(Round to four decimal places as needed.)
b) The store takes in at most $.
(Round to two decimal places as needed.)
GELEN
Transcribed Image Text:A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $35 and a standard deviation of $24. Suppose the store had 299 customers this Sunday. a) Estimate the probability that the store's revenues were at least $10,600. b) If, on a typical Sunday, the store serves 299 customers, how much does the store take in on the worst 1% of such days? a) The probability is. (Round to four decimal places as needed.) b) The store takes in at most $. (Round to two decimal places as needed.) GELEN
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,