Solve the Problem. -Midtown Antiques Has Found That Sales Have Decreased 2% from Decreased

question 6

Multiple Choice

Solve the problem.
-Midtown Antiques has found that sales have decreased 2% from last year. Sales this year are $198,325. Find the amount of last year's sales. Round your answer to the nearest dollar.

• A) $203,372
• B) $202,372
• C) $202,272
• D) $202,362

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Definitions:

Probability

A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Poisson Random Variable

A type of discrete random variable that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Poisson Probabilities

Probabilities calculated under the assumption of a Poisson distribution, typically used to model the number of times an event occurs in a fixed interval of time or space.

Calculate

To determine something mathematically, often by using a specific formula or procedure.