Answer:
937.5 packs of apples
Step-by-step explanation:
Note that:
100p = £1
80p = x
Cross Multiply
100x = 80p × £1
x = 80/100
x = £0.8
Jay sells 10 packs of apples for 80p.
Hence:
£0.8 = 10 packs of apples
£75 = x
Cross Multiply
£0.8 × x = £75 × 10 Packs
x = £75 × 10 Packs/£0.8
x = 937.5
Therefore, to make £75 at the end of the year, he has to sell 937.5 packs of apples
Both of these conditions must be true in order for the assumption that the binomial distribution is approximately normal. In other words, if
and
then we can use a normal distribution to get a good estimate of the binomial distribution. If either np or nq is smaller than 5, then a normal distribution wouldn't be a good model to use.
side note: q = 1-p is the complement of probability p