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What is the probability that exactly 16 clients redeem

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Reference no: EM132402305

For a particular fruit store, a firm finds that 16% of $10-off coupons delivered by mail are redeemed. Suppose 100 customers are randomly selected and are mailed $10-off coupons.

  • What is the probability that exactly 16 clients redeem the coupons?
  • What is the probability that less than 20 clients redeem the coupons?
  • What is the probability that at least 10 clients redeem the coupons?
  • Plot the distribution of the number of customers who redeem the coupon. Give this plot a title "Binomial Distribution: B(100, 0.16)"
  • Let X denote the number of customers who redeem the coupon. Use a Normal approximation to find the probability that P(X>15). Calculate the difference between the probability obtained from normal approximation and the probability from the exact binomial distribution.

Reference no: EM132402305

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