Assume a Binomial distribution

May 21st, 2015
Steve1995
Category:
Accounting
Price: $5 USD

Question description

The manager of a local Gap store estimates that on average the probability of a customer entering the store and will purchase something is 20% (0.20). Assume a Binomial distribution

1.  What is the probability that 3 of the next 4 customers will make a purchase?

2.  What is the probability that one of the next 4 customers will make a purchase?


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