Show work for each question with proper notationwork The own
Show work for each question (with proper notation/work)
The owner of a local market is trying to decide whether to discontinue selling bacon. He suspects that only 15% of the customers buy bacon and thinks that he might be able to use the space to sell something more profitable. Before making a final decision he decides that for one day he\'ll keep track of the number of customers and whether or not they buy a bacon.
1.Assuming the owner is correct in thinking that 15% of cusomers purchase bacon, how many customers should he expect before someone buys bacon?
2.What is the probability that he does not sell bacon until the 8th customer? Show work
3.What is the probability that exactly to the first 10 customers buy bacon? So work
4. What is the probability that at least 3 of his first 9 customers buy bacon? So work
5 He had 200 customers that day. Assuming this day was typical for his store, what would be the mean and standard deviation of the number of customers who buy bacon each day?
Solution
