Question: Recent statistics suggest that 15 of those who visit a

Recent statistics suggest that 15% of those who visit a retail site on the World Wide Web make a purchase. A retailer wished to verify this claim. To do so, she selected a sample of
16 “hits” to her site and found that 4 had actually made a purchase.
a. What is the likelihood of exactly four purchases?
b. How many purchases should she expect?
c. What is the likelihood that four or more “hits” result in a purchase?

Sale on SolutionInn
  • CreatedDecember 10, 2014
  • Files Included
Post your question