In the past year, Jack's Pizaa Resturant grossed more than $1500 a day for about 83% of its business days. Suppose 8 days are randomly selected, approximate the probablity that exactly 6 days will gross more than $1500 in a day.

Answer 1

If the events are independent, the probability of both/all events occurring is determined by multiplying the probabilities of the individual events.

.83^6 * (1-.83)^2 = ?