Answer to Question #46325 in Statistics and Probability for shubha

Question #46325

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

Download Answer

Learn more about our help with Assignments: Statistics and Probability

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. A stamping machine produces ‘can tops’ whose diameters are normally distributed with a standard
2. i) Suppose that the life of a certain type of electron tube has an exponential distribution with a m
3. i) Suppose that the life of a certain type of electron tube has an exponential distribution with a m
4. The arrival of trucks on a receiving dock is a Poisson process with a mean arrival rate of two per h
5. Verify that f(x,y)=xye^(-x)e^(-y),x>0,y>0 , satisfies the conditions necessary to be density f
6. Verify that f(x,y)=xye^(-x)e^(-y),x>0,y>0 , satisfies the conditions necessary to be density f
7. The probability that a new airport will get an award for its design is 0.16, the probability that i

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…