Estimated probability distribution for the sales


The following table shows an estimated probability distribution for the sales of a new product in its first week:

Number of units sold

0

1

2

3

4

5

Probability

0.05

0.15

0.20

0.35

0.15

0.10

What is the probability that in the first week:

(a) Four or five units will be sold;

(b) At least 3 units will be sold;

(c) At least 1 unit will be sold?

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Finance Basics: Estimated probability distribution for the sales
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