Posted: December 30th, 2021
A good example of a business I believe would fall within the probability distribution of a discrete random variable is our local snow cone guy. The business is a small business that is ran inside of a small trailer on the side of the gas station. Though, business is pretty steady ice is unpredictable, but the flavors can be ordered in bulked, but the variable how they are used is undetermined. There as so many possible variations of what flavors one could select when ordering. It is impossible to calculate how much ice will be needed day to day, because of the different sizes offered, heat index in Vegas could impact how long the ice last, and different flavors of snow cones will be ordered.
Place an order in 3 easy steps. Takes less than 5 mins.