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QUESTION

Assume the new probabilities P(Customer makes a purchase) =0.250 P(Customer does not make a purchase) 1-0.

  1. Assume the new probabilities

P(Customer makes a purchase) =0.250

P(Customer does not make a purchase) 1-0.250

compute the probability that neither customer purchases (# purchases = 0), and enter your answer with 3 decimal places

2. Assume the following newest probabilities

P(Customer makes a purchase) =0.750

P(Customer does not make a purchase) = 1-0.750

Compute the P(1 purchase) and enter your answer with 3 decimal places

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