In: Statistics and Probability
At a certain fast food restaurant, 77.5% of the customers order items from the value menu. If 14 customers are randomly selected, what is the probability that at least 9 customers ordered an item from the value menu? Use Excel to find the probability.
Let the number of customers who ordered an item from the value menu be denoted by X. Thus; X ~ binomial (14, 0.775)
Required probability = P(X 9) = 1 - P(X8) = 1 - FX(8) where FX(x) is the CDF of X at x.
Calculating binomial probability in Excel is done as follows :-
SYNTAX :-
BINOM.DIST(number_s,trials,probability_s,cumulative)
The BINOM.DIST function syntax has the following arguments:
Number_s Required. The number of successes in trials.
Trials Required. The number of independent trials.
Probability_s Required. The probability of success on each trial.
Cumulative Required. A logical value that determines the form of the function. If cumulative is TRUE, then BINOM.DIST returns the cumulative distribution function, which is the probability that there are at most number_s successes; if FALSE, it returns the probability mass function, which is the probability that there are number_s successes.
So choose a random cell and write the function :- = 1 - BINOM.DIST(8,14,0.775,TRUE)
Using this function, we get the required probability = 0.927234317