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In: Statistics and Probability

A grocery store is trying to predict how many packages of toilet paper rolls will be...

A grocery store is trying to predict how many packages of toilet paper rolls will be purchased over the next week. They know from their records that each customer has a 60% chance of buying 0 packages, a 30% chance of buying 1 package, an 8% chance of buying 2, and a 2% chance of buying 25. They expect about 150 customers per day.

What is the probability that the average number of packages per customer is greater than 1 over the course of a week? Assume the store is open 7 days a week.

Please calculate the standard error.

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Expert Solution

orchestra answered 1 year ago
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