Assume the following probabilities: P(Customer makes a purchase) = 0.350 P(Custo

ID: 3307055 • Letter: A

Question

Assume the following probabilities:

P(Customer makes a purchase) = 0.350

P(Customer does not make a purchase) = 1- 0.350

Compute the probability that both customers purchase (# purchases = 2), and enter your answer with 3 decimal places.

Assume the following new probabilities:

P(Customer makes a purchase) = 0.200

P(Customer does not make a purchase) = 1- 0.200

Compute the probability that neither customer purchases (# purchases = 0), and enter your answer with 3 decimal places.

Assume the following newest probabilities:

P(Customer makes a purchase) = 0.550

P(Customer does not make a purchase) = 1- 0.550

Compute the P(1 purchase), and enter your answer with 3 decimal places.

if there is no prior information:

from property of independence:

1) probability that both customers purchase =0.350*0.350=0.1225

2)probability that neither customer purchases =0.8*0.8 =0.64

3) P( 1 purchase) =P( 1st customer purchase and second not +1st customer not purchase and second does)

=0.550*(1-0.550)+(1-0.550)*0.550=0.4950

please revert for any clarification required

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