How to calculate the probability using excel.?
How to calculate the probability using excel.?
In a certain store, there is a 0.03 probability that the scanned price in the bar code scanner will not match the advertised price. The cashier scans 800 items.
Required:
a.Expected number of mismatches
b.Standard deviation
c.Probability of at least 20 mismatches
d.Probability of more than 30 mismatches
I got 4.8 for the standard deviation and 24 for the expected number of mismatches. Those are right but I can’t figure out how to do c and d.
Best answer:
Check if the tutorial at the site bellow helps
canterbury.ac.uk/support/student-support-services/students/sssu/using-excel-for-data-analysis.asp
Tags: calculate, Excel, probability, using
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