Statistics

Feb 3rd, 2012
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3. The marginal loss on Washington Reds, a brand of apples from the state of Washington, is $35 per case. The marginal profit is $15 per case. During the past year, the mean sales of Washington Reds in cases were 45,000 cases, and the standard deviation was 4,450. How many cases of Washington Reds should be brought to market? Assume the sales follow a normal distribution. 4. Paula Shoemaker produces a weekly stock market report for an exclusive readership. She normally sales 3,000 reports per week and % 70 of the time her sale range from 2,900 to 3,100. The report costs Paula $ 15 to produce, but Paula is able to sell reports for $ 350 each. Of course, any reports not sold by the end of the week have no value. How many reports should Paula produce each week?

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3. The marginal loss on Washington Reds, a brand of apples from the state of Washington, is $35 per case. The marginal profit is $15 per case. During the past year, the mean sales of Washington Reds in cases were 45,000 cases, and the standard deviation was 4,450. How many cases of Washington Reds s

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