Thirty percent of all customers who enter a store will make a purchase. Suppose that six customers
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Thirty percent of all customers who enter a store will make a purchase. Suppose that six customers enter the store and that these customers make independent purchase decisions.
a. Let x the number of the six customers who will make a purchase. Write the binomial formula for this situation.
b. Use the binomial formula to calculate
(1) The probability that exactly five customers make a purchase.
(2) The probability that at least three customers make a purchase.
(3) The probability that two or fewer customers make a purchase.
(4) The probability that at least one customer makes a purchase.
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Related Book For
Essentials Of Business Statistics
ISBN: 9780078020537
5th Edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
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