SOLUTION: I have a probability distribution of customers visiting a store as follows:
18% of customers come 2x a week
25% of customers come 3x a week
33% of customers come 4x a week
13
Algebra.Com
Question 421251: I have a probability distribution of customers visiting a store as follows:
18% of customers come 2x a week
25% of customers come 3x a week
33% of customers come 4x a week
13% of customers come 5x a week
8% OF customers come 6x a week
3% of customers come 7x a week
How many unique customers do I need to have a total of 400 customers every week? Assuming that every visitor is a customer and will purchase.
Been muddling thru this for a week now without any success!!! Please help. Thanks so much.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I have a probability distribution of customers visiting a store as follows:
18% of customers come 2x a week
25% of customers come 3x a week
33% of customers come 4x a week
13% of customers come 5x a week
8% OF customers come 6x a week
3% of customers come 7x a week
How many unique customers do I need to have a total of 400 customers every week? Assuming that every visitor is a customer and will purchase.
---
Let "x" be the number of unique customers:
Solve:
2*0.18x + 3*0.25x + 4*0.33x + 5*0.13x + 6*0.08x + 7*0.03x = 400
----
0.36x + 0.75x + 1.32x + 0.65x + 0.48x + 2.1x = 400
---
5.66x = 400
x = 70.67 unique customers
===============================
Cheers,
Stan H.
=========================
RELATED QUESTIONS
A grocery store counts the number of customers who arrive during an hour. The average... (answered by ikleyn)
Your store sees a mean of 7 customers per hour. What is the probability that 5 customers... (answered by ewatrrr)
I am just really having a problem with this...
A store manager believes that 25% of... (answered by stanbon)
2. A shoe store’s records show that out of a 100 customers who made a purchase last week, (answered by solver91311)
A grocery store counts the number of customers who arrive during an hour. The average... (answered by Boreal)
A grocery store counts the number of customers who arrive during an hour. The average... (answered by Boreal)
It is known that 70% of the customers in a sporting goods store purchase a pair of... (answered by Theo)
a store had a total of 8,721 customers on friday, saturday and sunday. this store had... (answered by ikleyn,josgarithmetic)
According to a survey, only 15% of customers who visited the web site of a major retail... (answered by stanbon)