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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.
- 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
