Answer to Question #46080 in Statistics and Probability for stilla

Question #46080
The sales per day in a shop is exponentially distributed with average sale amounting to Rs.100 and net profit is 8%. Find the probability that the net profit exceeds Rs.30 on two consecutive days.
1
Expert's answer
2014-09-16T09:06:51-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/mathematics-answer-46080.pdf

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS