On the basis of past experience, the store manager of a clothing store estimates the probability that any one customer will make a purchase is 30%. What is the probability that exactly one of next three customers will make a purchase. Suppose that next month the store forecasts 1000 customers will enter the store, what is the expected number of customer who will make a purchase? For the next 1000 customers entering the store, the variance for the number of customer who will make a purchase is:

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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On the basis of past experience, the store manager of a clothing store estimates the
probability that any one customer will make a purchase is 30%.
What is the probability that exactly one of next three customers will make a
purchase.
Suppose that next month the store forecasts 1000 customers will enter the store,
what is the expected number of customer who will make a purchase?
For the next 1000 customers entering the store, the variance for the number of
customer who ill make a purchase is:
Transcribed Image Text:On the basis of past experience, the store manager of a clothing store estimates the probability that any one customer will make a purchase is 30%. What is the probability that exactly one of next three customers will make a purchase. Suppose that next month the store forecasts 1000 customers will enter the store, what is the expected number of customer who will make a purchase? For the next 1000 customers entering the store, the variance for the number of customer who ill make a purchase is:
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