IV. If 80 persons are introduced to the product, determine the number of person who are expected to buy the product.
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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Question
![iv.
If 80 persons are introduced to the
product, determine the number of person who
are expected to buy the
product.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23014c38-d498-4de3-823e-92e2cada9f7f%2Ff3e31c9a-4891-4c56-8839-081ba6aaa7c9%2Fl7br6bh_processed.jpeg&w=3840&q=75)
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23014c38-d498-4de3-823e-92e2cada9f7f%2Ff3e31c9a-4891-4c56-8839-081ba6aaa7c9%2F5ikliz9_processed.jpeg&w=3840&q=75)
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
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Step 1
Given:
Number of trials (n) = 80
Proportion of people buying the product (p) = 0.60
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