Number of successness 10

Probabilty 14

a)
P(X=5) 0.006376
P(X<5) 0.992674

P(X>5) 0.00095

b)
P(X=1) 0.360258
P(X=2) 0.26391
P(X<=2) 0.624169

c)
P(X=0) 0.221302

d) Chart Tit
0.4
A binomial distribution is skewed 0.35
right when the probability of success
(p) is less than 0.5. In this case, p = 0.3
0.14, so the distribution is skewed
right 0.25

0.2
0 0.221302
1 0.360258 0.15

2 0.26391 0.1
3 0.114566
0.05
4 0.032638
5 0.006376 0
1 2 3 4 5 6
6 0.000865
7 8.046E-05
8 4.912E-06
9 1.777E-07
10 2.893E-09
 Chart Title

3 4 5 6 7 8 9 10 11
 Probability 0.4 0 0.016796
n 8 1 0.08958
2 0.209019 0.3
a) P(X=0) 0.016796 3 0.278692
4 0.232243 0.25
b) P(X=1) 0.08958 5 0.123863
6 0.041288 0.2
c) P(X=2) 0.209019 7 0.007864
0.15
8 0.000655
d) P(<3) 0.315395
0.1

0.05

0
1 2
 Chart Title
0.3

0.25

0.2

0.15

0.1

0.05

0
1 2 3 4 5 6 7 8 9
 λ = 2.8 d) additivity of the Poisson distribution

a) 0.087214
b) 0.93489
c) New λ 14
This property allows us to scale the average rate over longer or shorter
intervals by multiplying the rate by the length of the interval.
p 0.05 1 0.338903311488849
E(X) 20 2 0.258636737715174
3 0.127049625544296
P(X>=30) 1-P(<=29) 0.214639 4 0.0451360511802104
5 0.0123530245335313
6 0.00270899660823054
7 0.000488841493214534
8 7.39694364732519E-05
9 9.5165356866172E-06
10 1.05182762852085E-06
11 1.00653361580942E-07
12 8.38778013174521E-09
13 6.1125523227293E-10
14 3.90651840174429E-11
15 2.19313313782136E-12
16 1.08213806142501E-13
17 4.69038169038705E-15
18 1.78289362500092E-16
19 5.92651620498922E-18
20 1.71557048039162E-19
21 4.29967538945268E-21
22 9.25767428351055E-23
23 1.69476874755342E-24
24 2.60161869141972E-26
25 3.28625518916175E-28
26 3.32616921979935E-30
27 2.59350426495076E-32
28 1.46250240504742E-34
29 5.30853867530824E-37
 Mean (μ) = 25,000 bottles
Standard deviation (σ) = 2,000 bottles

a) E[TC] = Fixed Cost + E[Variable Cost]

E[Variable Cost] = E[Q] * Variable Cost per Unit
E[TC] 350000

SD[Variable Cost] = SD[Q] * Variable Cost per Unit 16000

b) Selling Price * Q = Fixed Cost + Variable Cost

Selling Price = (Fixed Cost + Variable Cost) / Q

SELLING PRICE 14.8

the selling price required to make a $20,000 profit is $14.80 per bottle