If 17 people enter the store, what is the probability that 8 of them will make a purchase, statistics homework help
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MUST USE PHSTat EXCEL
You are the manager of a high-end ladies fashion store. For the past few months you have been gathering data and found that 36% of persons entering the store actually make a purchase. Assume these data follow a Binomial Distribution and use Excel to calculate the following binomial probabilities:
- If 17 people enter the store, what is the probability that 8 of them will make a purchase?
- What is the probability that at least 5 of the 17 people will make a purchase?
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