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From the past experience, a manager of a telecom store knows that 85% of his customer will use e-cash when buying mobile phones. Suppose 3
From the past experience, a manager of a telecom store knows that 85% of his customer will use e-cash when buying mobile phones. Suppose 3 customers are in line to make a purchase.
Does this scenario satisfy the conditions of Bernoulli's process? (ii) Construct a probability tree that delineates all possible values and their associated Probabilities (iii) Using the probability tree, derive the binomial probability distribution.
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