Find probability of no chocolate chips in given cookies

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Reference no: EM131524080

Question: 1. If the number of chocolate chips in a chocolate-chip cookie follows a Poisson where the average is 3.6 chocolate chips per cookie, what is the probability of finding no chocolate chips in a given cookie? Fewer than 5 chocolate chips? More than 10 chips?

2. Refer to the discussion of eKnow in the section on the beta distribution. Find the probability that the net contribution of eKnow would be greater than $600,000. What is the probability the net contribution will be less than $100,000?

Reference no: EM131524080

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