)the manager of a local gap store estimates that on average the probability of a customer entering the store and will purchase something is 20% (0.20). assume a binomial distribution. 1. what is the probability that 3 of the next 4 customers will make a purchase? 2. what is the probability that none of the next 4 customers will make a purchase

1. 0.0256

2. 0.4096

Step-by-step explanation:

Binomial probability formula , to find the probability of getting x successes:

, where n= Total number of trials

p= Probability of getting success in each trial.

Let x be the number of customers will make purchase.

As per given , we have

p= 0.20

n= 4

1. The probability that 3 of the next 4 customers will make a purchase will be:-

Hence, the probability that 3 of the next 4 customers will make a purchase = 0.0256

2. The probability that none of the next 4 customers will make a purchase will be :

Hence, the probability that none of the next 4 customers will make a purchase= 0.4096

answer: 40.95

step-by-step explanation:

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.