User Account

All Pages

Probability of a potential customer making a purchase

Assignment Help Basic Statistics
Reference no: EM131886985

Please solve the following questions related to Chapter 5: Discrete Probability Distribution.

1. A salesperson contacts eight potential customers per day. From past experience, we know that the probability of a potential customer making a purchase is .20.

a. What is the probability the salesperson will make exactly three sales in a day?

b. What percentage of days will the salesperson not make a sale?

c. What is the expected number of sales per day?

[Hint: Please see Chap005 - Slides 27 -39 for Binomial Probability Distribution. Please also see pages 237 - 245 in the textbook.]

2. Shoppers enter Hamilton Place Mall at an average of 60 per hour.

a. What is the probability that exactly 5 shoppers will enter the mall between noon and 12:05 p.m.?

b. What is the probability that exactly 4 shoppers will enter the mall between 5:00 and 5:10 p.m.?

Reference no: EM131886985

Questions Cloud

Which substrate provided better growth condition : Explain what happened at the time marked x. Which substrate provided "better" growth condition for the bacteria? How can you tell?
Normal distribution the t-test : If a sample comes from a normal distribution the t-test, Sign Test, and WSRT are all applicable. Which of these tests should you use? Why?
Discuss lean principles have incorporated in your strategies : Discuss The LEAN principles you have incorporated in your strategies and The pros and cons for each of the three strategies needed to lead the change.
What is the low value : The following set of data from a sample n = 6 (7 4 9 7 3 12) 1. What is the low value?
Probability of a potential customer making a purchase : A salesperson contacts eight potential customers per day. From past experience, we know that the probability of a potential customer making a purchase is .20.
Absolute values of the difference scores : Can somebody help on how to assign the mean rank when there are ties in the absolute values of the difference scores?
Analyze the non-human obstacles that will be present : Analyze the non-human obstacles that will be present as you try to implement your change. Create a plan that addresses these obstacle and ways to overcome them.
Define your personal view on unions and union representation : Unions have a long and storied place in the history of the U.S. workforce, and the subject has often been a heated topic of discussion at many bargaining.
What is the probability of finding the disease : What is the probability of finding the disease in at least 15 people? what is the probability of finding the disease in fewer than 5 people?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd