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The number of memberships sold each month at a small climbing gym is a random variable with an expected value of 16. i) Give an
The number of memberships sold each month at a small climbing gym is a random variable with an expected value of 16. i) Give an upper bound to the probability that next month's sales exceed 18 memberships. For parts ii) and iii), suppose in addition that the variance of the number of memberships sold monthly is 9. ii) Give an upper bound to the probability that next month's sales are different from the mean monthly sales by more than 6 memberships. iii) Give a lower bound to the probability that next month's sales are between 10 and 22, inclusively
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