Each day a wholesaler makes deliveries to 50 retailers. The probability that a retailer (independently of the
Question:
Each day a wholesaler makes deliveries to 50 retailers. The probability that a retailer (independently of the others) will return one of the products is 0.03.
(a) What is the probability that exactly one retailer returns a product?
(b) What would be the approximate probability of 10 products being returned if the wholesaler made deliveries to 300 retailers?
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Step by Step Answer:
a Let the random variable X be the number of returned ...View the full answer
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Related Book For 
Applied Statistics And Multivariate Data Analysis For Business And Economics
ISBN: 9783030177669
1st Edition
Authors: Thomas Cleff
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