Mathematics, 21.04.2020 00:43 athenareyes420
Trevor is interested in purchasing the local hardware/sportinggoods store in that small town of Dove Creek, Montana. Afterexamining accounting records for the past several months he foundthat the store has been grossing over $850 per day about 60% of thebusiness days it is open.
Estimate the probability that the store will gross over $850
a. at least 3 out of 5 business days
b. at least 6 out of 10 business days
c. fewer than 5 out of 10 business days
d. fewer than 6 outof the next 20 business days. If thisactually happened might it shake your confidence inthe statementp=0.60? Might it make you suspect that p is less than 0.60?Explain.
e. more than 17 out of the next 20 business days. Ifthis accually happened might you suspect that p is greater than0.60? Explain.
Answers: 2
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Trevor is interested in purchasing the local hardware/sportinggoods store in that small town of Dove...
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