Asked by SMART INVESTING on Sep 27, 2024
The number of female customers out of a random sample of 100 customers arriving at a department store has a binomial distribution.
Binomial Distribution
A probability distribution that describes the outcome of a fixed number of trials in experiments that have two possible outcomes (success or failure) and a constant probability of success.
Random Sample
A sample drawn in such a way that each member of the population has an equal chance of being selected.
Female Customers
A specific segment of the market made up of women or those identifying as female who purchase goods or services.
- Understand the concept and characteristics of binomial distributions.
Learning Objectives
- Understand the concept and characteristics of binomial distributions.
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