As a way of fund raising, you decide to set up a hot dog stand, after a few weeks of doing this you sell 8 hot dogs every 10 minutes.
1) What is the probability you will sell 3 or less hot dogs in 10 minutes?
2) If you need to sell more than 3 hot dogs in 10 minutes to break-even, what is the probability that you will break even in the next 10 minutes?
3) What is the expected number of hot dogs sold in 1 minute?
4) What is the expected number in 3 minutes?
5) What is the probability of selling exactly 3 hot dogs in 3 minutes?