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Tomtit [17]
2 years ago
8

A hot dog vendor sells an average of 50 hot dogs during a Little League baseball game. If the sales are Normally distributed wit

h a standard deviation of 7 hot dogs, what is the probability the vendor will sell between 45 and 65 hot dogs? Show your work.
Business
1 answer:
Kobotan [32]2 years ago
5 0

Answer:

74.64%

Explanation:

Average sales (μ) = 50 hot dogs

Standard deviation (σ) = 7 hot dogs

In a normal distribution, the z-score for any given number of hot dogs sold, X, is determined by:

z=\frac{X-\mu}{\sigma}

For X = 45 hot dogs:

z=\frac{45-50}{7}\\ z= -0.7143

For X = 65 hot dogs:

z=\frac{65-50}{7}\\ z= 2.1429

A z-score of -0.7143 falls in the 23.75th percentile of a normal distribution while a z-score of 2.1429 falls in the 98.39th percentile.

Therefore, the probability that he vendor will sell between 45 and 65 hot dogs is:

P(45 \leq X \leq 65) = 98.39-23.75\\P(45 \leq X \leq 65) = 74.64\%

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Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?
Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

Equity = $64,342 - $47,266

Equity = $17,076.

4 0
2 years ago
8. Kelly wants to view employees' bonuses as a percentage of their base salary. In cell G7, enter a formula without using a func
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Answer:

=E7/B7*100

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Zach notices that sales of the company's best products are declining. He gathers together his sales staff to generate solutions
Karolina [17]

Answer:

E) brainstorming.

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Based on the scenario being described within the question it can be said that in this situation Zach is using the technique of brainstorming. This term refers to a group creativity technique in which members of the organization come together and spontaneously contribute any and all ideas they may have towards solving a specific problem that the organization is facing.

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We are evaluating a project that costs $735,200, has an eight-year life, and has no salvage value. Assume that depreciation is s
Feliz [49]

Answer:

Was your question removed?

Explanation:

3 0
2 years ago
Management anticipates fixed costs of $74,300 and variable costs equal to 34% of sales. What will pretax income equal if sales a
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Answer:

pretax income is $152080

Explanation:

given data

fixed costs = $74300

variable costs = 34%

sales = $343000

to find out

pretax income

solution

we know that pretax income formula is

pretax income = sales - variable costs -  fixed costs

put all these value

pretax income = 343000 - 34% of 343000 -  74300

pretax income = 343000 - 116620 -  74300

pretax income = 152080

so pretax income is $152080

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2 years ago
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