Fast Service Store has maintained daily sales records on the various size "Cool Drink" sales.
Assuming that past performance is a good indicator of future sales,
(a)What is the probability of a customer purchasing a $1.00 "Cool Drink?"
(b)What is the probability of a customer purchasing a $1.25 "Cool Drink?"
(c)What is the probability of a customer purchasing a "Cool Drink" that costs greater than or equal to $1.00?
(d)What is the expected value of a "Cool Drink"?
(e)What is the variance of a "Cool Drink"?
Definitions:
Constant
Something that remains unchanged or stable over a period of time.
Personality
The combination of characteristics or qualities that form an individual's distinctive character and psychological identity.
Perceive Ourselves
Refers to the way individuals understand and view their own identities, qualities, and self-concept.
Deterministic
A philosophy suggesting that all events, including human actions, are ultimately determined by causes external to the will.
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