Question

9.The one-time fling! Have you ever purchased an article of clothing

(dress, sports jacket, etc.), worn the item once to a party, and then returned the purchase? This is called a one-time fling. About 5% of all adults deliberately does one-time fling and feel no guilt about it! In a group of eight adult friends, what is the probability of the following? (Round your answers to three decimal places.)

(a) no one has done a one-time fling

(b) at least one person has done a one-time fling

(c) no more than two people have done a one-time fling

10Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After examining accounting records for the past several years, he found that the store has been grossing over $850 per day about 60% of the business days it is open. Estimate the probability that the store will gross over $850 for the following. (Round your answers to three decimal places.)

(a) at least 3 out of 5 business days

(b) at least 6 out of 10 business days

(c) fewer than 5 out of 10 business days

(d) fewer than 6 out of the next 20 business days

(e) more than 17 out of the next 20 business days

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"