Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Day 4 86 Day 5 92 Day 6 91 Day 7 90 Day 8 88 Day 9 85 Day 10 91 Day 11 84 Day

image text in transcribed
image text in transcribed
Day 4 86 Day 5 92 Day 6 91 Day 7 90 Day 8 88 Day 9 85 Day 10 91 Day 11 84 Day 12 86 Day 13 85 Day 14 90 Day 15 92 Day 16 89 Day 17 88 Day 18 90 Day 19 88 Day 20 90 Customer surveys reveal that 40% of customers purchase products online versus in the physical store location. Suppose that this business makes 12 sales in a given day a. Does this situation fit the parameters for a binomial distribution? Explain why or why not? b. Find the probability of the 12 sales on a given day exactly 4 are made online c. Find the probability of the 12 sales fewer than 6 are made online d. Find the probability of the 12 sales more than 8 are made online

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

11th edition

978-1111530266

Students also viewed these Finance questions