A national retailer has tracked customers who visit its website and determined that 37% will make a
Question:
A national retailer has tracked customers who visit its website and determined that 37% will make a purchase from the website within six months of their first website visit. Eight people who visit the website are selected at random as a sample.
a. Determine the expected number in the sample who will make a purchase within six months.
b. Calculate the standard deviation in the number who will make a purchase.
c. Calculate the probability of 2 or fewer making a purchase within six months.
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780134496498
10th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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