Homework Help: math

Posted by Andrew on Saturday, November 17, 2012 at 9:25am.

Therese Felser manages a grocery warehouse which encourages volume shopping on the part of its customers. Therese has discovered that, on any given weekday 70 percent of the customer sales amount to more than $ 100. That is any given sale on such a day has a probability of 0.70 of being for more than $ 100.( Actually the conditional probabilities throughout the day would change slightly, depending on earlier sales, but this effect would be negligible for the first several sales of the day, so we can treat them as independent.)
a) The first two sales on Wednesday are both for more than $ 100.
b) None of the first three sales on Wednesday is for more than $ 100

No one has answered this question yet.

Answer this Question

Related Questions

math - Therese Felser manages a grocery warehouse which encourages volume ...
math - Therese Felser manages a grocery warehouse which encourages volume ...
math - Therese Felser manages a grocery warehouse which encourages volume ...
math - Therese Felser manages a grocery warehouse which encourages volume ...
math - Therese Felser manages a grocery warehouse which encourages volume ...
math - What geometrical shape is a top hat?
math - if greg eats 3 red jelly beans and 6 yellow ones how many yellow were ...
Math - Eight sprinters from different universities are in the final match. In ...
chemistry - How many moles of FeCl3.6H2O are required to make 10.00 mL of 1.50 M...
Math - Lalph Rauren was famous for discovering potential models as he walked the...

For Further Reading

First Name:
School Subject:
Answer: