If the Restaurant Is Open for 8 Hours Each Day

question 552

Multiple Choice

If the restaurant is open for 8 hours each day, what are the mean and standard deviation for the total number of workers in a day, respectively? (assume that the each hour is independent)

• A) 37.2, 6.34
• B) 36, 3.14
• C) 37.2, 2.24
• D) 36, 8.88
• E) none of these

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Definitions:

Product Demand

The desire and willingness of consumers to purchase a particular product at various prices during a certain period.

Purely Competitive Firm

A business functioning in an environment with numerous purchasers and vendors, where no single entity has the power to notably affect the prices in the market.

Technological Improvement

Advances and innovations in technology that enhance efficiency, productivity, or capabilities in various sectors.

Product Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specified time frame.