Answered: What is the probability that more than…

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

In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities.

Do you take the free samples offered in supermarkets? About 60% of all customers will take free samples. Furthermore, of those who take the free samples, about 33% will buy what they have sampled. Suppose you set up a counter in a supermarket offering free samples of a new product. The day you were offering free samples, 327 customers passed by your counter. (Round your answers to four decimal places.)

(a) What is the probability that more than 180 will take your free sample?

(b) What is the probability that fewer than 200 will take your free sample?

(c) What is the probability that a customer will take a free sample and buy the product? Hint: Use the multiplication rule for dependent events. Notice that we are given the conditional probability P(buy|sample) = 0.33, while P(sample) = 0.60.

(d) What is the probability that between 60 and 80 customers will take the free sample and buy the product? Hint: Use the probability of success calculated in part (c).

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