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The most important measure in any business is a successful purchase of their product. Task success is a discrete measure (0 is fail, 1 is

  1. The most important measure in any business is a successful purchase of their product. Task success is a discrete measure (0 is fail, 1 is successful purchase). The following table shows a discrete distribution across 100 clients for product purchase.

    Table 3

    X (purchase success)

    0

    1

    2

    3

    P(probability purchase)

    0.05

    0.2

    0.3

    0.45

    - A. B. C. D. E. F. G. H. I. J. K. L. M. N. O.

    Calculate the expected value for table3?

    - A. B. C. D. E. F. G. H. I. J. K. L. M. N. O.

    Calculate the discrete variance for table 3?

    - A. B. C. D. E. F. G. H. I. J. K. L. M. N. O.

    What is the binomial probability that you find less than 10 clients who will buy your extended warranty if you present to 79 clients, and the probability of a client buying a warranty after your presentation is 20%?

    - A. B. C. D. E. F. G. H. I. J. K. L. M. N. O.

    What is the binomial expected value a client buys your extended warranty if the probability is 20% and 79 clients are in the sample?

    - A. B. C. D. E. F. G. H. I. J. K. L. M. N. O.

    What is the binomial standard deviation a client buys your extended warranty if the probability of buying is 20% and 79 clients are in the sample?

    A.

    0.91

    B.

    0.06

    C.

    1.0

    D.

    Cannot calculate without more information

    E.

    2.15

    F.

    12.64

    G.

    10/79

    H.

    0.91

    I.

    0.83

    J.

    3.56

    K.

    4.62

    L.

    0.03

    M.

    0.01

    N.

    15.80

    O.

    15.64

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