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Consider the random variable described in question 1. What is the mean in the case of 200 customers?

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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Question

Consider the random variable described in question 1. What is the mean in the case of 200 customers?

Expert Solution

Step 1: We have given that

The probability that a customer leaves a tip is 0.42. The probability that one customer leaves a tip is independent of whether another customer leaves a tip. Let leaving a tip represent a "success" and not leaving a tip represent a "failure." Assume sampling with replacement.

n=200

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