Question

Twenty five vendors are selling at an event, and an attendance of 80,000 is projected. It is anticipated that 70% of attendees will make purchases. Assuming that each vendor has an equal chance of having an attendee purchase their products, what is the average number of customers each will serve?

Answer 1

Answer:

2,240

Explanation:

The total number of projected attendance is 80,000. If 705 will make purchases. It means 70% of 80,000 will buy.

=70/100 x 80,000

=0.7 x 80,000

=56,000 attendants will buy

If they are 25 vendors, each vendor will sell to

=56,000/25

=2,240

on average, each vendor will sell to 2,240 customers