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Solved: Suit Sales The number of suits sold per day at a
Chapter 5, Problem 2(choose chapter or problem)
Suit Sales The number of suits sold per day at a retail store is shown in the table, with the corresponding probabilities. Find the mean, variance, and standard deviation of the distribution. 20.8; 1.6; 1.3 Number of suits sold X 19 20 21 22 23 Probability P(X) 0.2 0.2 0.3 0.2 0.1 If the manager of the retail store wants to be sure that he has enough suits for the next 5 days, how many should the manager purchase? 104 suits
Questions & Answers
QUESTION:
Suit Sales The number of suits sold per day at a retail store is shown in the table, with the corresponding probabilities. Find the mean, variance, and standard deviation of the distribution. 20.8; 1.6; 1.3 Number of suits sold X 19 20 21 22 23 Probability P(X) 0.2 0.2 0.3 0.2 0.1 If the manager of the retail store wants to be sure that he has enough suits for the next 5 days, how many should the manager purchase? 104 suits
ANSWER:Step 1 of 4
Suit Sales The number of suits sold per day at a retail store is shown in the table with the corresponding probabilities.
We need to find mean, variance and standard deviation for the number of suits sold. We also need to find out number of suits which are enough for the next 5 days of sale.