An advertising research study indicates that 40% of the viewers exposed to an advertisement try the product
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An advertising research study indicates that 40% of the viewers exposed to an advertisement try the product during the following four months. If 100 people are exposed to the ad, what is the probability that at least 20 of them will try the product in the following four months?
Use a normal distribution to compute the required probabilities also state the assumptions necessary for a binomial distribution, and indicate whether the assumptions are reasonable.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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