Solved

A Store Is Offering a Discount on 800 Pairs of Basketball

Question 56

Essay

A store is offering a discount on 800 pairs of basketball shoes. The amount of the discount varies and is not revealed to the customer until paying for the shoes. The distribution of discounts is given in the below table:
A store is offering a discount on 800 pairs of basketball shoes. The amount of the discount varies and is not revealed to the customer until paying for the shoes. The distribution of discounts is given in the below table:     How many pairs of shoes does a customer have to buy so that, on average, he has purchased five containing a 65% or 90% discount? (Hint: Use the hypergeometric distribution in ASP to answer this question.)
How many pairs of shoes does a customer have to buy so that, on average, he has purchased five containing a 65% or 90% discount? (Hint: Use the hypergeometric distribution in ASP to answer this question.)

Correct Answer:

verifed

Verified

A customer needs to buy 31 sho...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents