Answer to Question #46238 in Statistics and Probability for Divyashree Bhat

Question #46238

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.

Expert's answer

Answer in progress...

Learn more about our help with Assignments: Statistics and Probability

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. The sales per day in a shop is exponentially distributed with average sale amounting to Rs.100 and n
2. Please help me answer this question A box containing 8 light bulbs of which 3 are defective. A bulb
3. Steel rods are manufactured to be 3 inches in diameter but they are acceptable if they are inside th
4. A survey was conducted in a slum locality of 2000 families by selecting a sample of size 800. It was
5. A survey was conducted in a slum locality of 2000 families by selecting a sample of size 800. It was
6. Steel rods are manufactured to be 3 inches in diameter but they are acceptable if they are inside th
7. The sales per day in a shop is exponentially distributed with average sale amounting to Rs.100 and n