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Write expectation and standard deviation of a day-s sales

A day's sales in $1000 units at a gas station have a gamma distribution with parameters k = 2 and = 0:9.

(a) What are the expectation and standard deviation of a day's sales?
(b) What are the upper and lower quartiles of a day's sales?
(c) What is the probability that a day's sales are more than $6000?

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Write expectation and standard deviation of a day-s sales

Reference No:- TGS0685485

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Write expectation and standard deviation of a day-s sales

Reference No:- TGS0685485

Recent Questions Asked Basic Statistics

Q : Write misconceptions about the meaning of given probability

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