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As the store manager of the local Gaming Guru, you've identified that people visiting the store often purchase more than one game at a
As the store manager of the local Gaming Guru, you've identified that people visiting the store often purchase more than one game at a time. Gaming Guru's corporate policy is that no more than five games at a time may be purchased. You believe that 5-game policy to be one that is severely limiting sales revenue in your store. After observing customer purchasing behavior for a month, you develop the following probability distribution for game purchases: # of games purchased, x 0 1 2 3 4 5 Probability, P(x) 3% 50% 24% 12% 7% 4% Given your findings, determine the following probabilities (enter all probabilities in decimal form rounded to two decimal places): Given your findings, determine the following probabilities (enter all probabilities in decimal form rounded to two decimal places): What is the probability of a customer purchasing more than 1 game? What is the probability of a customer purchasing more than 3 games? Based on Answer 2 end that is apparent in your probability distribution, does evidence support that customers are likely to purchase more than 5 games if they were allowed to? (Enter "yes" or "no" without the quotation marks)
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