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Author Question: The owner of a small convenience store is trying to decide whether to discontinue selling magazines. ... (Read 56 times)

Coya19@aol.com

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on: Aug 31, 2019
The owner of a small convenience store is trying to decide whether to discontinue selling magazines. He suspects that only 5% of the customers buy a magazine and thinks that he might be able to use the display space to sell something more profitable. Before making a final decision he decides that for one day he'll keep track of the number of customers and whether or not they buy a magazine.

What is the probability that he does not sell a magazine until the 8th customer? Show work.
Stats: Modeling the World ¦ Bock, Velleman, De Veaux ¦ 4th Edition
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Marked as best answer by Coya19@aol.com on Aug 31, 2019

prumorgan

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Reply #1 on: Aug 31, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Coya19@aol.com

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Reply 2 on: Aug 31, 2019
Excellent

tkempin

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Reply 3 on: Yesterday
Wow, this really help

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