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This question was created from BUSI 1013 Statistics for Business unit 4.docx https://www.coursehero.com/file/41561235/BUSI-1013-Statistics-for-Business-unit-4docx/

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4. 2G% of the customers at KY2 Etores use a debit card to pay for their purchases.
In a recent market research study. 2U of the Store’s oyer 3fl,fl{}fl customers on
record was randomly selected for two focus groups on new payment technologies.
{10 points} a. Is the selection of 2!} customers a binomial experiment? Please explain. b. What is the probability that 5 of the 2D customers selected use a debit
card to pay for their purchases? c. What is the probability that at least 4 of the 2G customers selected use a
debit card to pay for their purchases? d. What is the probability that at most 4 of the 2D customers selected use a
debit card to pay for their purchases? e. What is the probability that at least 3 but no more than 6 customers
selected use a debit card to pay for their purchases?

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a) Yes, This is binomial since the the selection of 20... View the full answer

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