The Owner of a Small Convenience Store Is Trying to Decide

question 137

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.
-What is the probability that he does not sell a magazine until the 8th customer? Show
work.

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Definitions:

Registered Nurse

A nurse who has met the requirements set by a country or state for licensure and is authorized to practice nursing.

Erroneous Order

A mistaken or incorrect order, often relating to prescription or treatment plans in a healthcare setting.

Primary Health Care Provider

A healthcare professional, often a doctor or nurse practitioner, who provides both the first contact for a person with an undiagnosed health concern as well as continuing care for varied medical conditions.

Clarify

The process of making a statement or situation less confused and more comprehensible.