In Unit 2, you have learned about three different types of distributions: Normal, binomial, and Poisson. You can take data that you collect and plot it out onto graphs to see a visual representation of the data. By simply looking at data on a graph, you can tell a lot about how related your observed data are and if they fit into a normal distribution.
For this submission, you will be given a series of scenarios and small collections of data. You should plot the data or calculate probabilities using excel. Then, you will create your own real or hypothetical scenario to graph and explain.
Answer the following:
Customer surveys reveal that 40% of customers purchase products online versus in the physical store location. Suppose that this business makes 12 sales in a given day
Does this situation fit the parameters for a binomial distribution? Explain why or why not?
Find the probability of the 12 sales on a given day exactly 4 are made online
Find the probability of the 12 sales fewer than 6 are made online
Find the probability of the 12 sales more than 8 are made online
Your own example:
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more