Mathematics, 11.08.2021 23:20 bnnn
Suppose that 30% of all students who have to buy a text for a particular course want a new copy (the successes!), whereas the other 70% want a used copy. Consider randomly selecting 15 purchasers.
Required:
a. What are the mean value and standard deviation of the number who want a new copy of the book?
b. What is the probability that the number who want new copies is more than two standard deviations away from the mean value?
c. The bookstore has 10 new copies and 10 used copies in stock. If 15 people come in one by one to purchase this text, what is the probability that all 15 will get the type of book they want from current stock?
Answers: 1
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Suppose that 30% of all students who have to buy a text for a particular course want a new copy (the...
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