The owner of a small convenience store is trying to decide whether to discontinue selling magazines. He suspects that only 5% of the customers buy a magazine and thinks that he might be able to use the display space to sell something more profitable. Before making a final decision he decides that for one day he'll keep track of the number of customers and whether or not they buy a magazine.
-He had 280 customers that day. Assuming this day was typical for his store, what would be the mean and standard deviation of the number of customers who buy magazines each day?

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The Answer of The owner of a small convenience store is trying to decide whether to discontinue selling magazines. He suspects that only 5% of the customers buy a magazine and thinks that he might be able to use the display space to sell something more profitable. Before making a final decision he decides that for one day he'll keep track of the number of customers and whether or not they buy a magazine.
-He had 280 customers that day. Assuming this day was typical for his store, what would be the mean and standard deviation of the number of customers who buy magazines each day?

The Owner of a Small Convenience Store Is Trying to Decide