Business, 18.03.2021 03:30, COOLIOMARIS

A business with 100 patrons is better than a business with 30 patrons. A salon or stylist needs data and information to forecast and predict with some certainty. An Barbershop has Hair Services with 8 patrons tomorrow. From past experience the Barbershop Owner knows that the probability of making a complete cut on any service is one out of five. Consider the rules of probability, what is the likelihood that the Barbershop Owner will sell a cut to two of the eight patrons?

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A business with 100 patrons is better than a business with 30 patrons. A salon or stylist needs data...