Answer:
2.93
Step-by-step explanation:
Let X be a discrete random variable with geometric distribution.
Let x be the number of tests and p the probability of success in each trial, then the probability distribution is:
P (X = x) = p * (1-p) ^ (x-1). With x = (1, 2, 3 ... n).
This function measures the probability P of obtaining the first success at the x attempt.
We need to know the probability of obtaining the first success at the third trial.
Where a success is defined as a customer buying online.
The probability of success in each trial is p = 0.3.
So:
P (X = 3) = 0.3 * (1-0.3) ^ (3-1)
P (X = 3) = 0.147
The probability of obtaining the first success at the third trial is 14.7%
As given,
Weekly rent of Mr. Thomson is = $104.92
Part A: What is Mr. Thompson's yearly rent (using 52 weeks)?
Rent for 1 week = 104.92
Rent for 52 weeks =
= $5455.84
Part B: What was the average grocery expense in this time period?
Mr. Thomson purchased groceries on 2/18 for $33.45 and on 3/5 for $28.56
Hence average grocery expense is = ![\frac{33.45+28.56}{2}](https://tex.z-dn.net/?f=%5Cfrac%7B33.45%2B28.56%7D%7B2%7D)
= $31 per week or $62.01 per month
Part C: Mr. Thompson estimates his yearly expense for groceries to be:
The monthly expense for groceries is = $62.01
So yearly expense will be =
= $744.12
24/5 we can use long division for this. The answer you should get is 4.8