Historical records on a certain product indicate the following behavior for demand. The data represent the 288 days that the business was open during 2000. Convert these data into random number intervals

(Round each probability used to 2 decimal places, e.g., 0.36.)

Demand in cases Number of occurrences
7 52
8 9
9 14
10 39
11 72
12 102


Demand in cases Number of occurrences Probability Cumulative probability Random number intervals
7 52 .18 .18 01-18
8 9 .03 .21 19-21
9 14 .05 .26 22-26
10 39 .14 .40 27-40
11 72 .25 .65 41-65
12 102 .35 1.00 66-00

Business

You might also like to view...

Data concurrency

a. is a security issue in partitioned databases b. is implemented using timestamping c. may result in data lockout d. occurs when a deadlock is triggered

Business

Given that event E has a probability of .25, the probability of the complement of event E _____

a. cannot be determined with the above information b. can have any value between 0 and 1 c. must be .75 d. is .25

Business

Verbal correspondence is normally transmitted through e-mail or can be sent hardcopy

a. True b. False Indicate whether the statement is true or false

Business

In 2016, Kelly earns a salary of $200,000 and invests $40,000 for a 20% interest in a partnership not subject to the passive activity loss rules. Through the use of $800,000 of nonrecourse financing, the partnership acquires assets worth $1 million. The

activity produces a loss of $150,000, of which Kelly's share is $30,000 . In 2017, Kelly's share of the loss from the partnership is $15,000 . How much of the loss from the partnership can Kelly deduct?

Business