Probability of hot dogs, As a way of fund raising, you

Probability of hot dogs

Reference no: EM1399851

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.

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

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

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

4) What is the expected number in 3 minutes?

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

Reference no: EM1399851

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