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The owner of a small retail shop is considering the construction of a small carpark
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The owner of a small retail shop is considering the construction of a small carpark. Operating this would cost $236 per day, and he would charge his customers $5 for each time they use the carpark, regardless of how long they use it for. On average, his shop receives 4 customers per hour, and his shop is open for 8 hours per day.
Calculate the probability that he will not lose money in any given day.
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[Solved] The owner of a small retail shop is considering the construction of a small carpark
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- Submitted On 31 Aug, 2020 11:00:38
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- Beam777
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