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A similar analysis of sales at hardware stores, revealed that the probability that a customer makes a return on a sale is p=0.15. If 20 independent customers of hardware products were sampled and the random variable X is "number of 20 customers who return hardware products", find the probability that exactly one of these customers will return product

 Mar 25, 2015

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 #2
avatar+23245 
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This is a probability problem that uses combinations:

Formula:  nCr·pr·(1-p)n-r  =  20C1·(.15)1·(.85)19

 Mar 25, 2015
 #1
avatar+128521 
+5

I believe that this is correct.....the probability is given by...

C(20,1) (.15)(.85)^19  = about 13.7%

 

  

 Mar 25, 2015
 #2
avatar+23245 
+5
Best Answer

This is a probability problem that uses combinations:

Formula:  nCr·pr·(1-p)n-r  =  20C1·(.15)1·(.85)19

geno3141 Mar 25, 2015

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