Recent statistics suggest that 40 percent of those who visit a retail site on the World Wide Web make a purchase. A retailer wished to verify this claim. To do so, she selected a sample of 20 “hits” to her site and found that 10 had actually made a purchase. What is the likelihood of atleast 10 purchases?
Recent statistics suggest that 40 percent of those who visit a retail site on the World Wide Web make a purchase. A retailer wished to verify this claim. To do so, she selected a sample of 20 “hits” to her site and found that 10 had actually made a purchase.
What is the likelihood of atleast 10 purchases?
What is the likelihood that 15 or more “hits” result in a purchase?
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