Could you explain please your comment in details: "Since the probability is greater than 0.05 then the reevaluate way costs are being estimated is not unusual". Just I need to know why is ".....greater than 0.05...."

Could you explain please your comment in details: "Since the probability is greater than 0.05 then the reevaluate way costs are being estimated is not unusual". Just I need to know why is ".....greater than 0.05...."

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Could you explain please your comment in details: "Since the probability is greater than 0.05 then the reevaluate way costs are being estimated is not unusual". Just I need to know why is ".....greater than 0.05...."

THANKS :D

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We have from the solution

P( X < 10 ) = 0.3707 = 37.07%

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