The Owner of a Small Convenience Store Is Trying to Decide

question 56

Essay

The owner of a small convenience store is trying to decide whether to discontinue selling magazines. He suspects that only 5% of the customers buy a magazine and thinks that he might be able to use the display space to sell something more profitable. Before making a final decision he decides that for one day he'll keep track of the number of customers and whether or not they buy a magazine.
-Assuming the owner is correct in thinking that 5% of the customers purchase magazines, how many customers should he expect before someone buys a magazine?

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Definitions:

Follower

An individual who supports and is guided by another person or by a group, ideology, or trend.

Playboy

A magazine or a person famed for their hedonistic lifestyle and involvement with numerous romantic partners.

Attend

To be present or participate in a particular event or activity.

Organizer

A person who brings order, manages tasks, or arranges events and responsible for planning and execution.