The Number of No-Shows Each Day for Dinner Reservations at the Cottonwood

question 130

True/False

The number of no-shows each day for dinner reservations at the Cottonwood Grille is a discrete random variable with the following probability distribution:
Based on this information,the standard deviation for the number of no-shows is about 0.36 customers.

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Definitions:

Cost Allocation

The process of distributing costs across various departments, products, or services within an organization to reflect the true expenses associated with each.

Manufacturing Structures

The organization and setup of production facilities, including the arrangement of machinery, equipment, and workflow, to efficiently produce goods.

Direct Labour

The labor costs for employees who are directly involved in the production of goods or services.

Product Diversity

The variety of different products that a company produces or sells, reflecting its range of offerings in the market.