Math Problem Statement
The owner of a small deli is trying to decide whether to discontinue selling magazines. He suspects that only 7.9% of his customers buy a magazine and he 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 will keep track of the number of customers that buy a magazine. Assuming his suspicion that 7.9% of his customers buy a magazine is correct, what is the probability that exactly 3 out of the first 10 customers buy a magazine?
Solution
This problem involves a binomial distribution, as it deals with repeated independent trials (each customer deciding to buy or not buy a magazine) with two possible outcomes: success (buying a magazine) or failure (not buying a magazine).
In a binomial distribution, the probability of exactly successes in independent trials is given by the formula:
Where:
- is the probability of getting exactly successes,
- is the binomial coefficient, which counts the number of ways to choose successes from trials,
- is the probability of success on each trial,
- is the total number of trials, and
- is the number of successes.
In this case:
- (since he is observing the first 10 customers),
- (the problem asks for the probability that exactly 3 customers buy a magazine),
- (since 7.9% of customers buy a magazine).
We can now calculate the probability.
Step 1: Calculate the binomial coefficient :
Step 2: Apply the binomial formula:
Let me calculate this.The probability that exactly 3 out of the first 10 customers will buy a magazine is approximately , or about 3.33%.
Would you like to see more details or have any questions about this process?
Here are 5 related questions to further explore the topic:
- What is the probability that no customers buy a magazine?
- How would the probability change if the deli owner suspects that 10% of customers buy a magazine?
- What is the probability that fewer than 2 customers buy a magazine?
- How can we calculate the expected number of customers who buy a magazine in this scenario?
- What is the standard deviation of the number of customers buying a magazine?
Tip: The sum of probabilities for all possible outcomes (0 through 10 customers buying a magazine) must always equal 1 for a binomial distribution.
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Math Problem Analysis
Mathematical Concepts
Probability
Binomial Distribution
Formulas
P(X = k) = (n choose k) * p^k * (1 - p)^(n - k)
(n choose k) = n! / (k!(n - k)!)
Theorems
Binomial Theorem
Suitable Grade Level
Grades 10-12
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