Do you take the free samples offered in supermarkets? About 62% of all customers will take free samples. Furthermore, of those who take the free samples, about 37% will buy what they have sampled. Suppose you set up a counter in a supermarket offering free samples of a new product. The day you were offering free samples, 315 customers passed by your counter. (Round your answers to four decimal places.) (c) What is the probability that a customer will take a free sample and buy the product? Hint: Use the multiplication rule for dependent events. Notice that we are given the conditional probability P(buy|sample) = 0.37, while P(sample) = 0.62. (d) What is the probability that between 60 and 80 customers will take the free sample and buy the product? Hint: Use the probability of success calculated in part (c).
Do you take the free samples offered in supermarkets? About 62% of all customers will take free samples. Furthermore, of those who take the free samples, about 37% will buy what they have sampled. Suppose you set up a counter in a supermarket offering free samples of a new product. The day you were offering free samples, 315 customers passed by your counter. (Round your answers to four decimal places.)
(c) What is the
(d) What is the probability that between 60 and 80 customers will take the free sample and buy the product? Hint: Use the probability of success calculated in part (c).
Step by step
Solved in 3 steps
