Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. transforming random a restaurant sells three sizes

Transforming random A restaurant sells three sizes of shakes The small medium and large sizes...

90.2K

Verified Solution

Question

Basic Math

image

Transforming random A restaurant sells three sizes of shakes The small medium and large sizes each cost 2 00 3 00 and 3 50 respectively Let X represent the restaurant s income on a randomly selected shake purchase Based on previous data here s the probability distribution of X along with summary statistics X income P X Small 2 00 0 28 Medium Large 3 00 3 50 0 40 0 32 Mean x 2 88 Standard deviation x 0 59 During the last hour of business the restaurant offers a special that gives customers 1 off any size shake Assume that the special doesn t change the probability that corresponds to each size Let Y represent their income on a randomly selected shake purchase with this special pricing What are the mean and standard deviation of Y dollars

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Benzoic acid is a weak acid that has antimicrobial properties. Its sodium salt, sodium benzoate, is...

Accounting
1.2K views

Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...

Geometry
1.2K views

Find the x intercept of the line represented by the equation 5x 3y 60 Write...

Basic Math
1.2K views

Logan buys white, black, and gray tiles for his bathroom floor. The number of black...

Statistics
1.2K views

1 23 Medical students Students who have finished medical school are assigned to residencies in...

Algebra
1.2K views

Solve for g.t=5g+5wThe solution is g = ______(Use integers or fractions for any numbers in...

Accounting
1.2K views

Problem 6. (10 pts) - Cost Volume Profit Analysis Please type...

Accounting
1.2K views

On January 1, 2021, a company issues $770,000 of 8% bonds, due in seven years,...

Accounting
1.2K views

Grambling, LLC has 400 shares of $100 par value, 15% cumulative preferred stock and 25,000...

Accounting
1.2K views

LO 2.2 hear are facts for the Hudson roofing company for December. ...

Accounting
1.2K views

A manufacturing firm has discontinued production of a certain unprofitable product line. ...

Accounting
1.2K views

Journal entry worksheet Record compensation expense on December 31, 2024. Note: Enter debits before credits....