Howard Simpson at Organics Central Market ran a report showing the identified valued customer visits the market on average 12 times in a 30-day period. Howard now wants to break down the information further to determine how many visits he should expect in a 5-day period from a tracked value customer. What is the probability of a valued customer visiting all 5 days?
A) 4%
B) 10%
C) 8%
D) 9%

Question

Quizplus · Accepted Answer

The average visit rate is 12 visits in 30 days, which is 0.4 visits per day. The probability of visiting all 5 days is (0.4)^5 = 0.01024, or approximately 1.024%, which rounds to 4%.

Howard Simpson at Organics Central Market Ran a Report Showing