On the basis of past experience, the Martin Clothing Store manager estimates that the probability that any one customer will make a purchase is 0.30. Martin Clothing Store forecasts ten customers will enter the store in the next hour; the expected number of customers who will make a purchase is __________. The standard deviation for the number of customers who will make a purchase is __________. NOTE: Write your answers in number format, with 2 decimal places of precision level. Add a leading minus sign symbol, a leading zero, and trailing zeros, when needed. Use a period for the decimal separator and a comma to separate groups of thousands.

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This is the problem of binomial distribution Xany one customer will make a purchase or not PX1 Pany ... View the full answer