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 expected number of coupons that will be redeemed?
0.96
342
0.81
5.04
2
3
The expected number of coupons that will be redeemed can be found by multiplying the probability of a single coupon being redeemed (0.16) by the number of coupons mailed (6).
Expected number of coupons redeemed = 0.16 * 6 = 0.96
Therefore, the expected number of coupons that will be redeemed is 0.96.