What is the probability that more than seven people arrive at the ...

[lidoalex]

What is the probability that more than seven people arrive at the bike repair shop in a one hour period of time?
 
  What will be an ideal response?

Question 2

If the interest rate remains below 5, what is the probability that the corporation's return is at least 8?
 
  What will be an ideal response?

[KKcool]

Answer to Question 1

P(X > 7 ) = 1 - P(X  7 ) = 1 - 0.867 = 0.133

Answer to Question 2

(0.15 + 0.16 + 0.17 + 0.05 ) / 1 - (0.16 + 0.07 + 0.01 ) = 0.53 / 0.76 = 0.697

[lidoalex]

Wow, this really help

[parker125]

Thanks for the timely response, appreciate it