Question

So far this year, the average check total during dinner service at a restaurant is $52,...

So far this year, the average check total during dinner service at a restaurant is $52, with a standard deviation of $11.

To reach a sales goal, the next 25 checks during dinner service must average at least $50 each. What is the probability this restaurant reaches its sales goal? Write your answer as a decimal rounded to three places.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
So far this year, the average check total during dinner service at a restaurant is $52,...
So far this year, the average check total during dinner service at a restaurant is $52, with a standard deviation of $11. To reach a sales goal, the next 25 checks during dinner service must average at least $50 each. What is the probability this restaurant reaches its sales goal? Write your answer as a decimal rounded to three places.
During a dinner rush at a local restaurant, a customer left a tip of more than...
During a dinner rush at a local restaurant, a customer left a tip of more than $25, with a standard deviation of $4. (a) What is the probability that randomly chosen customer left a tip of more than $28? (b) A waitress had 30 customers during her dinner shift? What is the probability that her average tip was more than $28?
1. In the past, the average guest check at a local restaurant was $19.35 After the...
1. In the past, the average guest check at a local restaurant was $19.35 After the menu has been redesigned, a random sample of 20 guest checks was taken, the sample mean was $17.85 with the sample standard deviation of $3.88. Assume that the guest check amounts are approximately normally distributed. Is this enough evidence to believe that the average guest check has decreased? Use A. )A=0.10 Hypotheses: B.)Test Statistic: C.)Analyze data (assuming H0 is true): D.)State a Conclusion: 2....
The average number of gallons of lemonade consumed by the football team during a game is...
The average number of gallons of lemonade consumed by the football team during a game is 20. Assume the variable is normally distributed. The probability that between 15 and 25 gallons are consumed is .9044. Find the standard deviation. Round to one decimal place Find the probability that they will drink Less than 19 gallons Between 26 and 28 gallons 10.       a.   Find z such that 34% of the area under the standard normal curve lies to the right of...
A) Suppose that the number of visits to a certain website during a fixed interval follows...
A) Suppose that the number of visits to a certain website during a fixed interval follows a Poisson distribution. Suppose that the average of the visit ratio is five in each minute. What is the probability that there are only 17 visits in the next three minutes? POSSIBLE ANWERS FOR A: a.- 0.0847 b.- 0.0145 c.- 0.2345 d.- 0.0897 B) In a lottery, 10,000,000 tickets are sold for a raffle with 100 prizes. How many lottery tickets must be purchased...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most competitive in Thailand. With a large number of players ranging from restaurants in five-star hotels, global fast-food chains to small stalls along the streets and everything in between, the Thais are spoiled for choice. In addition, as the world becomes globalized, consumers are familiar with international dishes and would not hesitate to try new offerings from the other side of the globe. As a...
The following sales and purchases of the same product were made during 20x1 at Yang Corporation....
The following sales and purchases of the same product were made during 20x1 at Yang Corporation. The opening inventory consisted of 50 units at $2 each. Purchases Sales Date Units $ per unit Date Units Unit $Price Total March 15 200 3 April 25 250* 5 June 15 600 5 June 30 500** 6 *for specific identification, sold 50 units of opening inventory and 200 units of March 15 purchase **for specific identification, sold 500 units of June 15 purchase...
B. Determine whether or not the table is a valid probability distribution of a discrete random...
B. Determine whether or not the table is a valid probability distribution of a discrete random variable. Explain fully. X 0.23 0.14 0.17 P(X=x) -0.22 0.38 0.84 Daily sales of a medium sized restaurant are normally distributed with a mean of $720 and a standard deviation of $80. What is the probability that a randomly selected day will make a sales of at least $656? What is the probability that a randomly selected day will make a sales between $680...
ou are a Consultant for the professional service firm, BUSI 2083 LLP. Your firm specializes in...
ou are a Consultant for the professional service firm, BUSI 2083 LLP. Your firm specializes in providing a wide variety of internal business solutions for different clients. One of the partners in your practice is impressed with the work you have completed to date and would like to give you additional responsibility. She has asked you to take the lead on this engagement with the hope that a successful outcome may lead to your promotion to Senior Consultant. You take...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for its upcoming fiscal year, which ends on December 31, 2021. They are in need of temporary assistance in their accounting office, and have hired you to carry out the task of preparing the budgets. Jung So Min prepares quarterly budgets, and then from this information prepares an annual budget. To assist you in this task, Jung So Min has gathered the following information: 1)...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT