As a manager of a shop, you have an access to the past sales…
As a manager of a shop, you have an access to the past sales data, which indicates that the daily average sales is $800 with the standard deviation $120. Suppose the breakeven sales target of this month is $10,000 and there are 16 business days for the shop on this month. Then, the probability that the sales break even can be approximated by
Read Details