Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After examining accounting records for the past several years, he found that the...


Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After examining accounting records for the past several years, he found that the store has been grossing over $850 per day about 55% of the business days it is open. Estimate the probability that the store will gross over $850 for the following. (Round your answers to three decimal places.)



(a)

at least 3 out of 5 business days

____



(b)


at least 6 out of 10 business days

____




(c)


fewer than 5 out of 10 business days

____




(d)


fewer than 6 out of the next 20 business da

____



more than 17 out of the next 20 business days

_____





Jun 02, 2022
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