The proportion of the drinks having the cost of more than 4 dollars in a coffee shop is two thirds.
<h3>What is a Uniform Density Curve?</h3>
Uniform Density Curve is given as the curve with the rectangle shape defining all the probabilities given for an outcome are identical.
The uniform density curve for the coffee shop have the been plotted as cost of drinks. The x-axis is the representation of the cost, and the plot is formulated one third from 3-6.
From the uniform density curve, the proportion of the drinks that are found to be costing in more than 4 dollars are two third, as one third lies for the cost up to 3 dollars.
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Answer:
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When financial statements are revised to reflect the impact of a change in accounting principle, the <u>retrospective </u>approach is used.
<h3>What is financial statement?</h3>
Financial statement is use to record a company financial position as well as day to day operation or activities.
Hence, retrospective approach are often used in a situation where financial statements are revised so as to reflect the impact of a change in accounting principle.
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Answer:
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Explanation:
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