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Use the binomial formula to calculate: Thirty percent of all customers who enter a store will make a purchase. Suppose that six customers enter the
Use the binomial formula to calculate:
Thirty percent of all customers who enter a store will make a purchase. Suppose that six customers enter the store and that these customers make independent purchase decisions.
a.The probability that exactly five customers make a purchase.
b.The probability that at least three customers make a purchase.
c.The probability that two or fewer customers make a purchase.
d.The probability that at least one customer makes a purchase
e.What is the Expected Value (mean)
f.What is the Standard Deviation?
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