An ecommerce Web site claims that 6% of people who visit the site make a purchase. Answer

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An ecommerce Web site claims that 6% of people who visit the site make a purchase. Answer the following questions based on a random sample of 15 people who visited the Web site.

a. What is the probability that none of the people will make a purchase?

b. What is the probability that less than three people will make a purchase?

c. What is the probability that more than one person will make a purchase?

d. Construct a histogram for this distribution.

e. Suppose that out of the 15 customers, 4 made a purchase. What conclusions can be drawn about the ecommerce site’s claim?

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 17, 2015 03:09 AM

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An ecommerce Web site claims that 6% of people who visit the site make a purchase. Answer

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a b c d e The probability of 4 out of 15 customers ...View the full answer

Business Statistics

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