# Question: Over time the owner of a bicycle store has come

Over time, the owner of a bicycle store has come to the conclusion that about 3.2% of the customers who enter her store are prepared to purchase a new bicycle. What is the probability that one out of the 25 customers who enter the store today will purchase new bicycles (you may assume these 25 customers are randomly selected).

## Answer to relevant Questions

Suppose the random variable x is the number of magazines subscribed to by a Canadian household. The probability distribution for x is shown in Exhibit 5.39 below. a. What is the probability that a Canadian household ...Create the probability distribution for a binomial random variable with n = 2, p = 0.4, using basic probability rules. Verify that the expected value is equal to np, using the general formula for the mean of a probability ...A cereal manufacturer claims that 10% of its cereal boxes contain a free ticket to the movies. Because you have eaten several boxes of cereal without finding a movie ticket, you are suspicious of this claim. You set up a ...According to the personnel department, the average commuting time for workers within a 50-kilometre radius of your company's head office is 32 minutes. You suspect that, because of development in the area and increased ...A college is considering making the purchase of a laptop computer a requirement for some of its programs. In the past, only 20% of students owned laptop computers. A random sample of 300 students revealed that 77 of them had ...Post your question