Chances of the next sale being more than the mean

The probability of an event can be calculated using the formula P(event) = favorable outcomes / total outcomes.

In this exercise, you will apply this formula to the online retail sales dataset to determine the chances of the next order being worth more than the mean order value ($187.97).

In this exercise, you will use the probability formula — P(event) = favorable outcomes / total outcomes — to determine the chances of the next order being worth more than the mean order value ($187.97).

The app displays the dataset summary and lets you select different thresholds. Use the "Mean" threshold to find how many orders meet the condition, then apply the formula.

What is the probability of the next order being worth more than the mean?