An auto mechanic recorded the number of car oil change services requested at his shop each day. He found that the average number of oil change services requested is 2.45 per day. Find the probability that on a randomly selected day, there are 5 car oil change services received. Use Excel to find the probability. - Round your answer to three decimal places.
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To find the probability of 5 car oil change services using Excel, you will use the POISSON.DIST function, which helps calculate the probability of a given number of events happening in a fixed interval of time, given a known average rate of occurrence. In this case, the average number of services (λ) is 2.45, and you want to find the probability of receiving exactly 5 services (k = 5). The formula you would use in an Excel cell is: `=POISSON.DIST(5, 2.45, FALSE)` This calculates the probability of getting exactly 5 services on a day when, on average, 2.45 services are expected. When you run this calculation, you’ll find that the probability rounds to approximately 0.042. So the probability of receiving exactly 5 oil changes on a randomly selected day is 0.042 (rounded to three decimal places, this would typically be represented as 0.042).