Problems on Business Statistics including Forecasting, Exponential smoothing, decision analysis, Normal distribution are included in this posting.
Question (1) A food distributor carries 64 varieties of salad dressing. Appleton Markets stocks 48 of these flavors. Beacon Stores carries 32 of them. The probability that a flavor will be carried by Appleton or Beacon is 15/16. Find the probability a flavor is carried by both Appleton and Beacon. Question (2) The time