Assignment:
A restaurant has three sources of revenue: eat-in orders, takeout orders, and the bar. The daily revenue from each source is normally distributed with mean and standard deviation shown in the table below.
|
Mean |
Standard Deviation |
| Eat in |
$5,780 |
$142 |
| Takeout |
641 |
78 |
| Bar |
712 |
72 |
a. Will the total revenue on a day be normally distributed?
b. What are the mean and standard deviation of the total revenue on a particular day?
c. What is the probability that the revenue will exceed $7,000 on a particular day?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.