Recent statistics suggest that 15% of those who visit a retail site on the World Wide Web
Question:
16 “hits” to her site and found that 4 had actually made a purchase.
a. What is the likelihood of exactly four purchases?
b. How many purchases should she expect?
c. What is the likelihood that four or more “hits” result in a purchase?
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Related Book For 
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
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