Apply: Week 3 Case – coursefighter.com

Apply: Week 3 Case – coursefighter.com

Business Finance – coursefighter.com

  1. Create a probability distribution using the data which shows how many cartons of the wine cooler were bought per customer in a month.
    • Calculate the mean and the standard deviation of your probability distribution.
    • Calculate the probability that exactly 3 six packs will be bought in a month.
    • Calculate the probability that between 4 and 8 six packs will be bought in a month.
    • Calculate the probability that at least 5 six packs will be bought in a month.
    • Calculate the probability that no more than 5 six packs will be bought in a month.
  2. Create a relative frequency distribution based on the wine cooler drinking temperatures.
    • Create 6 bins with the same interval in each.
    • Create a histogram
  3. Considering the mean and standard deviation for the ideal drinking temperature:
    • Calculate z values then refer to Table 6.1 – Cumulative Areas Under the Standard Normal Curve
    • Calculate the probability of the wine cooler being less than 45 degrees.
    • Calculate the probability of the wine cooler being greater than 60 degrees.
    • Calculate the percentage of wine coolers served at the ideal temperature, between 49 and 55 degrees.

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