Question
Steele Electronics Inc. sells expensive brands of stereo equipment in several shopping malls. The marketing research department of Steele reports that 31% of the customers
Steele Electronics Inc. sells expensive brands of stereo equipment in several shopping malls. The marketing research department of Steele reports that 31% of the customers entering the store that indicate they are browsing will, in the end, make a purchase. Let the last 21 customers who enter the store be a sample.
a. How many of these customers would you expect to make a purchase? (Round the final answer to the nearest whole number.)
Number of Customers
b. What is the probability that exactly six of these customers make a purchase? (Round the final answer to 4 decimal places.)
Probability
c. What is the probability 11 or more make a purchase? (Round the final answer to 4 decimal places.)
Probability
d. Does it seem likely at least one will make a purchase ("likely" refers if the probability is more than 70%)?
(Click to select) No Yes
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