A denim company sells its jeans both online and at the retail store. Assume that 80%...
A denim company sells its jeans both online and at the retail store. Assume that 80% of the company's sales are retail, and 20% of sales are online.
A. What's the probability that all of the next four pairs of jeans are sold online?
B. What's the probability that 3 out of the next 4 parts of jeans are sold online?
C. Use your answers from parts (a and b) to derive a formula for p(x), the probability distribution of the binomial random variable x, the number of the next 4 pats of jeans sold online
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A denim company sells
its jeans both online and at the retail store. Assume that 80%...
A denim company sells its jeans both online and at the retail store. Assume that 80%...
A denim company sells its jeans both online and at the retail store. Assume that 80% of the company's sales are retail, and 20% of sales are online. A. What's the probability that all of the next four pairs of jeans are sold online? B. What's the probability that 3 out of the next 4 parts of jeans are sold online? C. Use your answers from parts (a and b) to derive a formula for p(x), the probability distribution of...
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