SOLUTION:
Let x represent the number of times a customer saw a TV ad prior to making their purchase. A probability distribution for x based on a survey of recent buyers is given below.
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Let x represent the number of times a customer saw a TV ad prior to making their purchase. A probability distribution for x based on a survey of recent buyers is given below.
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Question 582819:
Let x represent the number of times a customer saw a TV ad prior to making their purchase. A probability distribution for x based on a survey of recent buyers is given below.
Number of times the buyer saw the ad 1 2 3 4 5
Probability 0.27 0.31 0.18 0.09 0.15
What is the probability that the buyer saw the ad three or more times before purchasing?
You can put this solution on YOUR website! Number of times the buyer saw the ad 1:: 2:: 3::: 4:::: 5
Probability:::::::::::::::::::::: 0.27 0.31 0.18 0.09 0.15
What is the probability that the buyer saw the ad three or more times before purchasing?
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Ans: 0.18 + 0.09 + 0.15 = 0.42
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Cheers,
Stan H.