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stiv31 [10]
3 years ago
5

The gross weekly sales at a certain restaurant is a normal random variable with mean $2200 and standard deviation $230. What is

the probability that (a) the total gross sales over the next 2 weeks exceeds $5000; (b) weekly sales exceed $2000 in at least 2 of the next 3 weeks?

Business
1 answer:
Katyanochek1 [597]3 years ago
7 0

Answer:

a. 0.0326

b. 0.9034

Explanation:

Please see attachment.

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List the advantages and disadvantages of a Small Business:
natulia [17]

Answer:

Kindly check explanation

Explanation:

Small businesses may be defined based on various criteria ranginging from the size of running capital, number of employees and even customer base. What is obvious is that most small business require very little capital, limited number of employees and small market size. Small businesses offers the following advantages :

Financial liberty which affords it's doers the ability to cater for themselves or buttress on their initial EARNING.

INCREASED RESPONSIBILITY : Business owners take absolute charge of business decisions thereby broadening their scope and offering more independence and greater control.

Another advantages of having a small business is the fact that efforts and commitment put into the sustenance and growth of the business will be duly reaped by the owner. Rather than having to work for someone else to earn a greater portion of the return.

However, it also has its disadvantages which ranges from :

Exposure to financial risk arising from business collapse such that one has to deal with the burden alone.

The effort put in to keep business aloft may become overwhelming due to lack of adequate employees which may result in health impairment.

4 0
4 years ago
what difference would it make to the economy if there were no money? What commodities might serve as money instead? Provide reas
tekilochka [14]

Answer:

Well, we would simply be reduced to a barter economy. Therefore we would have to trade items for items.

Explanation:

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2 years ago
In the introduction stage of the product life cycle, marketing efforts are focused on
Aleksandr [31]
The right answer for the question that is being asked and shown above is that: "a. building customer awareness of the product." In the introduction stage of the product life cycle, marketing efforts are focused on <span>building customer awareness of the product.</span>
8 0
3 years ago
A very broad-ranging diagnostic tool for change agents which should be used as a starting point when an organization has ignored
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sammy [17]

Answer:

The correct answer is the demand has increased.

Explanation:

At the market price of $5/unit, the quantity demanded is 20 units.  

Last year at the price level of $4, the quantity demanded was 20 units.  

We see that even though the price has increased the quantity demanded is the same. This indicates that the demand has increased.  

When there is an increase in the demand for a commodity, the demand curve moves to the right. This upward or rightward shift in the demand curve will cause the price of the commodity to increase. Though the quantity demanded will be the same.

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