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The average number of days in a 4-week period where online sales for a local business are at least $1,000 is 5.2 days (5.2 days per 28 days (4 weeks)). If online sales in each 4 week period are independent of one another and the amount of $1,000 sales days in one period does not affect or influence the number of $1,000 sales days in any other period and these $1,000 sales days are spread evenly throughout the period then answer the following questions: (round final answers to 5 decimal places) What is the probability that there will be more than 3, $1,000 online sales days in a 4- week period? What is the probability that there will be less than 2, $1,000 online sales days in a 1- week period? What is the probability that there will be at least 2, $1,000 online sales days in a 1-week period?

The average number of days in a 4-week period where online sales for a local business are at least $1,000 is 5.2 days (5.2 days per 28 days (4 weeks)). If online sales in each 4 week period are independent of one another and the amount of $1,000 sales days in one period does not affect or influence the number of $1,000 sales days in any other period and these $1,000 sales days are spread evenly throughout the period then answer the following questions: (round final answers to 5 decimal places) What is the probability that there will be more than 3, $1,000 online sales days in a 4- week period? What is the probability that there will be less than 2, $1,000 online sales days in a 1- week period? What is the probability that there will be at least 2, $1,000 online sales days in a 1-week period?

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 1EQ: 1. Suppose that, in Example 2.27, 400 units of food A, 600 units of B, and 600 units of C are placed...
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The average number of days in a 4-week period where online sales for a local business are at least $1,000 is 5.2 days (5.2 days per 28 days (4 weeks)). If online sales in each 4 week period are independent of one another and the amount of $1,000 sales days in one period does not affect or influence the number of $1,000 sales days in any other period and these $1,000 sales days are spread evenly throughout the period then answer the following questions: (round final answers to 5 decimal places) What is the probability that there will be more than 3, $1,000 online sales days in a 4- week period? What is the probability that there will be less than 2, $1,000 online sales days in a 1- week period? What is the probability that there will be at least 2, $1,000 online sales days in a 1-week period?
Transcribed Image Text:The average number of days in a 4-week period where online sales for a local business are at least $1,000 is 5.2 days (5.2 days per 28 days (4 weeks)). If online sales in each 4 week period are independent of one another and the amount of $1,000 sales days in one period does not affect or influence the number of $1,000 sales days in any other period and these $1,000 sales days are spread evenly throughout the period then answer the following questions: (round final answers to 5 decimal places) What is the probability that there will be more than 3, $1,000 online sales days in a 4- week period? What is the probability that there will be less than 2, $1,000 online sales days in a 1- week period? What is the probability that there will be at least 2, $1,000 online sales days in a 1-week period?
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