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Assuming his suspicion that 8.7% of his customers buy a magazine is correct, what is the probability that exactly 3 out of the first 14 customers buy a magazine

Assuming his suspicion that 8.7% of his customers buy a magazine is correct, what is the probability that exactly 3 out of the first 14 customers buy a magazine

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 8.7% of his customers buy a magazine and he thinks that he might be able to use the display space to sell something more profitable. Before making a final decision, he decides that for one day he will keep track of the number of customers that buy a magazine. 

(b) Assuming his suspicion that 8.7% of his customers buy a magazine is correct, what is the probability that exactly 3 out of the first 14 customers buy a magazine? Give your answer as a decimal number rounded to two digits.

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