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(Answered) Use the following scenario to answer the next 5 questions. As a


Use the following scenario to answer the next 5 questions. As a
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Use the following scenario to answer the next 5 questions. As a way of fund raising, you decide to set up a hot dog stand, after a few weeks of doing this you sell 8 hot dogs every 10 minutes.,

 

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7) What is the probability you will sell 3 or less hot dogs in 10 minutes?,

 

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8) If you need to sell more than 3 hot dogs in 10 minutes to breakeven, what is the probability that you will break even in the next 10 minutes?,

 

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9) What is the expected number of hot dogs sold in 1 minute?,

 

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10) What is the expected number in 3 minutes?,

 

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11) What is the probability of selling exactly 3 hot dogs in 3 minutes?,

 

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