Solution-What is the probability the salesman will make

What is the probability the salesman will make exactly

Reference no: EM132134508

Assume 20% of customers who enter a clothing store make a purchase and customers behave independently of one another. Ten customers enter the store in the next hour. The salesman on duty makes $20 per hour plus a $10 commission on each sale.

Q. What is the probability the salesman will make exactly $50 in the next hour?

Reference no: EM132134508

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What is the probability the salesman will make exactly

Reference no: EM132134508

Reference no: EM132134508

Questions Cloud

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Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

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Binomial distributions

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

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

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