IV. If 80 persons are introduced to the product, determine the number of person who are expected to buy the product.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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iv.
If 80 persons are introduced to the
product, determine the number of person who
are expected to buy the
product.
Transcribed Image Text:iv. If 80 persons are introduced to the product, determine the number of person who are expected to buy the product.
a)
Market research has shown that 60% of
persons who are introduced to a certain
product actually buy the product. A random
sample of 15 persons were introduced to the
product.
Transcribed Image Text:a) Market research has shown that 60% of persons who are introduced to a certain product actually buy the product. A random sample of 15 persons were introduced to the product.
Expert Solution
Step 1

Given:

Number of trials (n) = 80

Proportion of people buying the product (p) = 0.60

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