Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 8.2% of his customers buy a

The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 8.2% of his customers buy a magazine and he thinks that he might be able to use the display space to sell something more profitable. Before making a final decision, he decides that for one day he will keep track of the number of customers that buy a magazine. (a) Explain why this is a binomial experiment.

(b) Assuming his suspicion that 8.2% of his customers buy a magazine is correct, what is the probability that exactly 6 out of the first 11 customers buy a magazine? Give your answer as a decimal number rounded to two digits.

(c) What is the expected number of customers from this sample that will buy a magazine?

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

Interconnection Networks

Authors: J C Bermond

1st Edition

1483295273, 9781483295275

More Books

Students also viewed these Mathematics questions

Question

Name the various stages of the ladder of loyalty.

Answered: 1 week ago