Using the Chef's Magic Circle, Complete the Following

question 61

Short Answer

Using the Chef's Magic Circle, complete the following. Round percent answers to the nearest hundredth and money answers to the nearest cent. In November, Rhonda's Grill spent $5,175 for food with a 37.5% food cost percentage for the month. What was their total sales for the month? $_______________

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Definitions:

Sample Mean Difference

The calculated difference between the mean values of two samples drawn from the same or different populations.

Standard Deviation

A parameter that identifies the scale of variation or dispersion among data values relative to their average.

Binomial Random Variables

A type of random variable that arises from Bernoulli trials and describes the number of successes in a fixed number of trials.

Normal Approximation

Normal approximation is a statistical method that involves approximating a binomial distribution to a normal distribution under certain conditions, facilitating easier calculations.