A small business owner estimates his mean daily profit as $968 with a standard deviation of $130. His shop is open 102 days a year. What is his annual profit will not exceed $100,000? Carry your intermediate computations to at least four decimal places. Report your result to at least three decimal places.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A small business owner estimates his mean daily profit as $968 with a standard deviation of $130. His shop is open 102 days a year. What is the probability that
his annual profit will not exceed $100,000?
Carry your intermediate computations to at least four decimal places. Report your result to at least three decimal places.
Transcribed Image Text:A small business owner estimates his mean daily profit as $968 with a standard deviation of $130. His shop is open 102 days a year. What is the probability that his annual profit will not exceed $100,000? Carry your intermediate computations to at least four decimal places. Report your result to at least three decimal places.
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