For a particular clothing store, a marketing firm finds that 16% of $10-off coupons delivered by mail are redeemed. Suppose six customers are randomly selected and are mailed $10-off coupons. What is the probability that three of the customers redeem the coupon?
A) 0.0486
B) 0.1912
C) 0.3513
D) 0.4015

Question

Quizplus · Accepted Answer

This is a binomial probability problem where n = 6, p = 0.16, and we want the probability of k = 3 successes. The probability is calculated using the binomial formula: P(X = k) = C(n, k) * p^k * (1-p)^(n-k). Plugging in the values gives P(X = 3) = C(6, 3) * (0.16)^3 * (0.84)^3 = 0.0486.

For a Particular Clothing Store, a Marketing Firm Finds That