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[Step-by-Step] A restaurant has three sources of revenue: eat-in orders, take-out orders and the bar. The daily revenue from each source is normally distributed

Question: A restaurant has three sources of revenue: eat-in orders, take-out orders and the bar. The daily revenue from each source is normally distributed with mean and standard deviation shown in the table below

Mean Std Deviation
Eat-in $5780 $142
Take-out $641 $78
Bar $712 $72
  1. Will the total revenue on any day be normally distributed?
  2. Calculate the mean and standard deviation of the total revenue on a particular day.
  3. Calculate the probability that the revenue will exceed $7000 on a particular day.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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