A Small Vendor Has Either a Good Day of Sales

question 2

Multiple Choice

A small vendor has either a good day of sales with an average of $1,000 or a bad day with an average of only $500 for the day. To simulate these outcomes, random numbers from 00 to 99 should be assigned with the intervals determined from the frequency distribution. If, during the last 100 days, the vendor had 27 good days and 73 bad days, which of the following is a correct random-number interval for a bad day?

• A) 28 to 99
• B) 27 to 73
• C) 27 to 100
• D) 27 to 99
• E) 00 to 26

---

Definitions:

Profitable Product

A product that generates revenue exceeding its costs of production and distribution, leading to a profit.

Intermediate Calculations

Calculations performed as part of a more extensive analysis or accounting process, often necessary for deriving final results or conclusions.

Grinding Machine Time

The amount of time a grinding machine is used in production, which can factor into manufacturing costs and efficiency.

Production Facility

A location equipped with machinery and equipment for manufacturing goods, often structured to optimize workflow and efficiency.