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Croissant Bakery, Inc., offers special decorated cakes for

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen ISBN: 9780077384470 64

Solution for problem 35E Chapter 6

Basic Statistics for Business and Economics | 7th Edition

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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Basic Statistics for Business and Economics | 7th Edition

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Problem 35E

Problem 35E

Croissant Bakery, Inc., offers special decorated cakes for birthdays, weddings, and other occasions. It also has regular cakes available in its bakery. The following table gives the total number of cakes sold per day and the corresponding probability. Compute the mean, variance, and standard deviation of the number of cakes sold per day.

Number of Cakes Sold in a Day

Probability

12

.25

13

.40

14

.25

15

.10

Step-by-Step Solution:

Solution:

Step 1 of 2:

   The given data is

                   

Number of Cakes Sold in a Day

Probability

12

0.25

13

0.4

14

0.25

15

0.1

 

   In this problem we have to find the mean, variance and standard deviation of the number of of cakes sold per day.


 

Step 2 of 2

Chapter 6, Problem 35E is Solved
Textbook: Basic Statistics for Business and Economics
Edition: 7
Author: Douglas Lind; William Marchal; Samuel Wathen
ISBN: 9780077384470

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