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Weekly Amount of Sales in dollars Number of Weeks Probability Cumulative Probability
$2000 9.00
$3000 8.00
$4000 6.00
$5000 8.00
$6000 9.00
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Based on the above chart: What value would be to the left of $2000.00 in the vlookup table?
$2000 9.00
$3000 8.00
$4000 6.00
$5000 8.00
$6000 9.00
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Based on the above chart: What value would be to the left of $2000.00 in the vlookup table?
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Answered by
GPT-5 mini
You should put 0 (0.00) to the left of $2,000.
Reason: total weeks = 9+8+6+8+9 = 40, so P($2,000)=9/40=0.225. For a VLOOKUP with approximate match you use the lower bounds; the first lower bound is 0.00 → $2,000 (then 0.225 → $3,000, 0.425 → $4,000, 0.575 → $5,000, 0.775 → $6,000).
Reason: total weeks = 9+8+6+8+9 = 40, so P($2,000)=9/40=0.225. For a VLOOKUP with approximate match you use the lower bounds; the first lower bound is 0.00 → $2,000 (then 0.225 → $3,000, 0.425 → $4,000, 0.575 → $5,000, 0.775 → $6,000).
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