The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $5150 and the standard deviation is $500. The distribution is skewed to the right due to several high volume days (football game days). Suppose that 100 days are randomly selected and the average daily revenue computed. Which of the following describes the sampling distribution of the sample mean? NOT IN FILE

7 weeks

step-by-step explanation:

convert each fraction to the least common multiple of 20, so 3/4 = 15/20 & 1/10 = 2/20, then divide 15 by 2 and you get a little over 7, so the food will last 7 weeks.

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.

answer: 270

step-by-step explanation:

you have to times 200 by 1.35 to get your answer