Assignment 8: Section 3.4 and 3.6 Exercises

Complete the following exercises from Chapter 3:

• Problem 47 (Use a spreadsheet and BINOMDIST)
• Problem 48
• Problem 54
• Problem 55
• Problem 60 (Hint: make a spreadsheet with columns: A: number of passenger cars x, B: probability X=x, C: revenue, D: BxC)
• Problem 61 (Hint: draw a tree diagram)
• Problem 65 (Hint: combine probabilities as "debit card" and "not debit card" or "cash" and "not cash")
• Problem 80 (Hint: Use a spreadsheet and POISSON)
• Problem 81 (Hint: To approximate a binomial with a Poisson, set lambda=np)
• Problem 83
• Problem 86
• Problem 91
• Problem 92 a,b