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3 . Historically, the number of sales made at a convenience store in the time period between 1 am and 5 am is 2 5

3. Historically, the number of sales made at a convenience store in the time period between 1 am and 5 am is 25.
a. What is the probability that on a randomly selected night, you would observe exactly 22 customers? 0.062(6.2%)
b.Assume the average purchase is $8 per customer, and your only expenses are fixed costs of $4 per hour and the wages of one employee at $15 per hour. How many customers do you need to break even (i.e. net profit of =0 for that single 4 hour period)? Now estimate the probability of breaking even or losing money (i.e. net profit of <=0 for that single 4 hour period). Show your calculations/reasoning. Remember that you lose money with <= your break-even number of customers, not just = to that number.

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