Question 654342: Past experience indicates that 30% of all individuals entering a certain store decide to make a purchase. Using a) the binomial distribution and b) the normal approximation to the binomial, find the probability that 10 or more of the 30 individuals entering the store in a given hour will decide to make a purchase.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Past experience indicates that 30% of all individuals entering a certain store decide to make a purchase. Using a) the binomial distribution and
-----
a. P(10<= x <=30) = 1 - P(30,0.30,9) = 0.4112
------------------------------------------------
b) the normal approximation to the binomial, find the probability that 10 or more of the 30 individuals entering the store in a given hour will decide to make a purchase.
---
b.mean = np = 0.3*30 = 9
std = sqrt(npq) = sqrt(9*0.7) = 2.510
----
P(10<= x <=30) = P(9.5<= x <- 30.5)
z(9.5) = (9.5-9)/2.510 = 0.1992
z(30.5) = (30.5-9)/2.51 = 8.57
-------
P(0.1992<= z <= 8.57) = 0.4211
================================
Cheers,
Stan H.
=============
|
|
|
