The Gold Credit card company knows that 70% of its customers are males. The company plans to promote its credit card by selecting a random sample of 5 customers each month and offering them a free vacation.
(a)What is the probability that in a given month all five selected customers are males?
(b)What is the probability that in a given month all five selected customers are females?
(c)What is the probability that the selected sample of 5 customers includes at least female?
(d)What is the mean number of male customers who are likely to be selected in the coming month?
Stats help pliz?
a.) (.70)(.70)(.70)(.70)(.70) = .7^5 = .168 or 16.8% chance
b.) (1-.7)=percentage of NOT male customers=.3
(.3)^5=.00243 or .243%
c.) the chance of AT LEAST one = 1 - chance of NONE
So the chance of No Females is the chance of ALL MALES, .168 (part a)
1-.168=.832, or 83.2%
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