Lees Lights sells lighting fixtures. Some customers are there only to browse, so Lee records the behaviour
Question:
Lee’s Lights sells lighting fixtures. Some customers are there only to browse, so Lee records the behaviour of all customers for a week to assess how likely it is that a customer will make a purchase. Lee finds that of 1000 customers entering the store during the week, 300 make purchases. Lee concludes that the probability of a customer making a purchase is 0.30.
QUESTION
If P (purchase) = 0.30, what is the probability that a customer doesn’t make a purchase?
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Related Book For
Business Statistics
ISBN: 9780136726548
4th Canadian Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman, David Wright
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