Unformatted text preview: c. exactly nine claims will be filed? 3. Shoppers enter Hamilton Place Mall at an average of 120 per hour. a. Define the random variable in words for this experiment. b. What is the probability that exactly 5 shoppers will enter the mall between noon and 1:00 p.m.? c. What is the probability that exactly 5 shoppers will enter the mall between noon and 12:05 p.m.? 4. The records of a department store show that 20% of its customers who make a purchase return the merchandise in order to exchange it. In the next six purchases, a. what is the probability that three customers will return the merchandise for exchange? b. what is the probability that none of the customers will return the merchandise for exchange?...
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This note was uploaded on 11/15/2010 for the course ECO 6416 taught by Professor Staff during the Spring '08 term at University of Central Florida.
 Spring '08
 Staff

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