Hi,
5 0.12 0.6 3
6 0.23 1.38 8.28
7 0.4 2.8 19.6
8 0.12 0.96 7.68
9 0.09 0.81 7.29
10 0.04 0.4 4
m = 6.95 49.85
48.30 -48.30
1.55
1.24 SD
75% of time
z = .6745 = (x-6.95)/1.24 , x = 7.79 0r 8 rounded Up to nearest whole number
75% of the time there can be as many as 8 cars daily to be washed
TWO service points: if they all come at once...
Re Reply: three independent projects
Each of the three projects has probability of being profitable equal to 0.5
P(knowing that two of the three projects indeed bring profit, that the third project is profitable) = .5