30% of the customers at XYZ stores use debit card for their purchases. In a recent market research study, 18 of the store’s over 20000 customers was randomly selected. Define the following random variable: X := Number of customers using debit card to pay their fees. 1. What is the probability that 5 of the 18 customers selected use a debit card to pay for their purchases? 2. What is the probability that at least 3 of the 18 customers selected use debit card to pay for their purchases? 3. What is the probability that at most 3 of the 18 customers selected use debit card to pay for their purchases?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

30% of the customers at XYZ stores use debit card for their purchases. In a recent market research study, 18 of the store’s over 20000 customers was randomly selected. Define the following random variable:

X := Number of customers using debit card to pay their fees.

1. What is the probability that 5 of the 18 customers selected use a debit card to pay for their purchases?

2. What is the probability that at least 3 of the 18 customers selected use debit card to pay for their purchases?

3. What is the probability that at most 3 of the 18 customers selected use debit card to pay for their purchases?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman