Short Answer
The records of a department store show that 20% of their customers who make a purchase return the merchandise for exchange. If the distribution of the random variable x describing the number of purchases is binomial,
a) what is the probability that at least 2 customers return the merchandise for exchange?
b) what is the expected number and standard deviation of customers who return the merchandise for exchange?
Correct Answer:

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a) P(x ≥ 2) = 1 - P...View Answer
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