A local coffee store announces an offer for 7 days. Customers would receive one coupon for every
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Question:
A local coffee store announces an offer for days. Customers would receive one coupon for every two days they purchased coffee at the store. Let N be the number of days a customer purchases coffee and C be the number of coupons the customer earns over the days. Suppose a customer purchases coffee on any day with probability p independently of other days.
Answer the following questions.
a Derive the joint PMF of N and C
b Derive the average number of coupons a customer earns.
c Derive the average number of days a customer purchases coffee.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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