Suppose the likelihood that someone who logs onto a particular site on the Internet will purchase an item is 0.10.If the site has 200 people accessing it in the next day,what is the probability that less than 24 customers will make a purchase?
A)0.5008
B)0.1736
C)0.8264
D)0.2461

Question

Quizplus · Accepted Answer

This is a binomial probability problem where n = 200, p = 0.10 (probability of success), and we are looking for P(X < 24). Using a binomial distribution calculator or approximation methods (like the normal approximation to the binomial distribution), we find that the probability of fewer than 24 customers making a purchase is approximately 0.8264.

Suppose the Likelihood That Someone Who Logs onto a Particular