According to The Polk Company, a survey of households using the Internet to buy or lease cars

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According to The Polk Company, a survey of households using the Internet to buy or lease cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered. Suppose 75 randomly selected households that are using the Internet to buy or lease cars are contacted.
a. What is the expected number of households that are seeking price information?
b. What is the expected number of households that are seeking information about products offered?
c. What is the probability that 67 or more households are seeking information about prices?
d. What is the probability that fewer than 23 households are seeking information about products offered?

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Business Statistics For Contemporary Decision Making

ISBN: 9781119577621

3rd Canadian Edition

Authors: Ken Black, Ignacio Castillo

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