The ticket sales for events held at the new civic center are believed to be normally distributed with a mean of 12,000 and a standard deviation of 1,000
a. What is the probability of selling more than 10,000 tickets?
b. What is the probability of selling between 9,500 and 11,000 tickets?
c. What is the probability of selling more than 13,500 tickets?
a. 0.9772
b. 0.1525
c. 0.0668
You might also like to view...
The following information is for a product of Lanier Company:Last year, the variable cost per unit was $25. Total fixed costs were $800,000. At a volume of 170,000 units, the company achieved a profit of $50,000.Required:What was the unit sales price for the product last year?
What will be an ideal response?
You have won the lottery and received a check for $1,275,156 today. You invest the lottery check today at an annual interest rate of 8% and allow it to build for a full ten years
At that point in time, you shift the money to an account paying only 6% per year. You plan to spend $175,000 per year in retirement (assume equal annual end-of-the-year cash flows) for 30 years, and your first retirement cash flow is exactly eleven years from today. Will you have enough money to fully fund your desired retirement? Use a calculator to determine your answer. A) Yes, because your investment will allow you to spend up to $225,000 per year in retirement. B) No, because your investment will allow you to spend up to only $158,000 per year in retirement. C) Yes, because your investment will allow you to spend up to $200,000 per year in retirement. D) No, because your investment will allow you to spend up to only $137,000 per year in retirement.
An entry that has more than one debit and/or credit is called a:
A) double entry. B) compound entry. C) multiple-step entry. D) special entry.
When a retailer offers T-shirts in small, medium, large, and x-large, and in 25 colors, the competitive strategy they are using is
A) Flexibility B) Volume flexibility C) Variety D) Postponement E) Mass customization