Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SE Clothing advertises its new brand of shirts on the Internet. Based on large amounts of data on past purchasing experience, the probability distribution of

SE Clothing advertises its new brand of shirts on the Internet. Based on large amounts of data on past purchasing experience, the probability distribution of the number of shirts ordered per household generated by this promotional campaign was determined and is tabulated below:

No per household (X) Probability F(x)
0 0.8
1 0.08
2 0.06
3 0.04
4 0.02

Mean = 0.40

Standard deviation = 0.92

There are 200,000 households in Sea End's customer data base. The orders from household to household are independent of each other.

What is the mean and standard deviation of the number of orders of at least one shirt that SE will realize?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Encyclopaedia Of General Topology

Authors: Md Mushtaque Khan

1st Edition

9353147530, 9789353147532

More Books

Students also viewed these Mathematics questions

Question

Discuss the impact of the legal system and ethics on pricing. LO6

Answered: 1 week ago