The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 9.6% of his customers buy a magazine and he thinks that he might be able to use the...




The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 9.6% 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 9.6% of his customers buy a magazine is correct, what is the probability that exactly 4 out of the first 13 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?






Use the space below to type your answer AND/OR to upload a picture of your work for all the questions in this problem.



Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions ยป

Submit New Assignment

Copy and Paste Your Assignment Here