Question

daily sales in last 5 days 52 63 47 54 32. X-21 follows poisson distribution, x is daily sales volume, minimum no of items that will be sold in a day

Answer #1

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...

Sales volume last weekend for four samples, each consisting of
five car dealerships, were as follows:
Data Point
1
2
3
4
5
Sample 1
37
15
43
25
21
Sample 2
38
31
12
19
28
Sample 3
16
21
45
32
25
Sample 4
19
10
45
37
22
What is the mean of the distribution of sample
means?
Please round your answer to the nearest tenth.
Note that the correct answer will be evaluated based on the...

Problem 3-17
A pharmacist has been monitoring sales of a certain
over-the-counter pain reliever. Daily sales during the last 15 days
were
Day:
1
2
3
4
5
6
7
8
9
Number sold:
32
35
38
37
44
43
41
44
42
Day:
10
11
12
13
14
15
Number sold:
48
43
53
44
50
49
a. Assume the data refer to demand rather than
sales. Using trend-adjusted exponential smoothing with an initial
forecast of 48 for Day...

Sales volume last weekend for four samples, each consisting of
five car dealerships, were as follows:
Data Point
1
2
3
4
5
Sample 1
22
34
18
27
31
Sample 2
45
28
35
46
12
Sample 3
50
37
21
33
15
Sample 4
26
41
38
26
21
What is the standard deviation of the distribution of
sample means?
Please round your answer to the nearest tenth.
Note that the correct answer will be evaluated based on...

Orchard Relief is a product that is designed to improve sleep at
night. The company, Eli Orchard, is guessing that sales of the
product is somewhat related to sleeping patterns of customers over
the days of the week. Before mass production of the product, Eli
Orchid has market-tested Orchid Relief in only Orange County over
the past 8 weeks. The weekly demand is recorded. Eli Orchid is now
trying to use the sales pattern over the past 8 weeks to...

Orchard Relief is a product that is designed to improve sleep at
night. The company, Eli Orchard, is guessing that sales of the
product is somewhat related to sleeping patterns of customers over
the days of the week. Before mass production of the product, Eli
Orchid has market-tested Orchid Relief in only Orange County over
the past 8 weeks. The weekly demand is recorded. Eli Orchid is now
trying to use the sales pattern over the past 8 weeks to...

Acme retail inc. wants to import shampoo from Brazil. The daily
demand at Acme stores for shampoo is 1800 bottles per day with a
standard deviation of 550. Acme is considering two suppliers to
source from.
Option 1) Amazon Products Inc. will charge $5 per bottle, and
the transportation from its factory to our distribution center (DC)
in Texas will cost $0.8 per bottle. The supplier carries a large
reserve of shampoo and only needs to fill up specially designed...

The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $82.80 on
December 31, 20Y2.
Question not attempted.
Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Retained earnings, January 1
$3,716,000.00
$3,266,000.00
3
Net income
610,000.00
560,000.00
4
Total
$4,326,000.00
$3,826,000.00
5
Dividends:
6
On preferred stock
$10,000.00
$10,000.00
7
On common stock
100,000.00
100,000.00
8
Total dividends
$110,000.00
$110,000.00
9...

Definition Electronics (Definition) is one of Canada’s leading
retailers of home video and audio equipment. Ten years ago,
Definition began as a local electronics store. It has rapidly grown
and it now operates 11 stores across the country and it employs
over 200 people. You, CPA, recently joined as a financial analyst
in January 2020. It is your first day on the job and you meet with
John Gomery, Definition’s controller. John explains that he
believes because of the rapid...

FIFO Perpetual Inventory
The beginning inventory of merchandise at Dunne Co. and data on
purchases and sales for a three-month period ending June 30 are as
follows:
Date
Transaction
Number
of Units
Per
Unit
Total
Apr. 3
Inventory
36
$150
$5,400
8
Purchase
72
180
12,960
11
Sale
48
500
24,000
30
Sale
30
500
15,000
May 8
Purchase
60
200
12,000
10
Sale
36
500
18,000
19
Sale
18
500
9,000
28
Purchase
60
220
13,200
June 5
Sale...

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