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In: Statistics and Probability

Please explain via excel with formulas 8b What is the probability that at least four of...

Please explain via excel with formulas

8b What is the probability that at least four of ten new customers would Enroll in the new Program (using all the data)? Exactly seven? Less than six? Now compute these same questions and report your findings based on the new probability value after you remove the customers that were given No Offer. Briefly explain how the results change.

Customer ID Promotion Offer Enrolled in Program Pre Promotion Avg Spend Post Promotion Avg Spend Marketing Segment
1 Free Flight Insurance Yes 150.39 246.32 Average Spender
2 Double Miles + Free Flight Insurance Yes 90.32 182.8 Low Spender
3 Double Miles Yes 14.93 20.55 Low Spender
4 Double Miles Yes 45.86 75.25 Average Spender
5 No Offer No 257.89 397.05 Med Low Spender
6 Free Flight Insurance Yes 864.59 1098.3 Med High Spender
7 Double Miles No 137 94.76 Low Spender
8 No Offer No 1152.27 781.75 Med High Spender
9 Double Miles Yes 25.82 144.57 Average Spender
10 Double Miles + Free Flight Insurance Yes 1540.66 1605.88 High Spender
11 Free Flight Insurance Yes 253.61 312.15 Average Spender
12 Double Miles + Free Flight Insurance No 37.4 47.78 Low Spender
13 Free Flight Insurance Yes 1150.51 806.47 Med High Spender
14 Double Miles + Free Flight Insurance Yes 22.34 545.82 Average Spender
15 Free Flight Insurance Yes 179.47 334.25 Average Spender
16 Double Miles Yes 162.42 678.43 Med Low Spender
17 Double Miles + Free Flight Insurance Yes 24.85 90.83 Low Spender
18 Double Miles Yes 285.45 121.53 Med Low Spender
19 Free Flight Insurance No 3005.15 3012.99 High Spender
20 Double Miles + Free Flight Insurance Yes 28.81 77.26 Low Spender

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