Total money of 2 quarters, 1 dime, 3 pennies
2 answers:
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Answer:
0.55% probability that exactly 5 out of the first 13 customers buy a magazine
Step-by-step explanation:
For each customer, there are only two possible outcomes. Either they buy a magazine, or they do not. The probability of a customer buying a magazine is independent of other customers. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
10% of his customers buy a magazine
This means that
What is the probability that exactly 5 out of the first 13 customers buy a magazine?
This is P(X = 5) when n = 13. So
0.55% probability that exactly 5 out of the first 13 customers buy a magazine