The Owner of a Pet Store Is Trying to Decide

question 120

Essay

The owner of a pet store is trying to decide whether to discontinue selling specialty clothes for pets. She suspects that only 4%
of the customers buy specialty clothes for their pets and thinks that she might be able to replace the clothes with more
interesting and profitable items on the shelves. Before making a final decision she decides to keep track of the total number of
customers for a day, and whether they purchase specialty clothes for their pet.
-What is the probability that at least 3 of the first 40 customers buy specialty clothes for their
pet? Show work.

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Definitions:

Competence Stage

A phase in the learning process or skill development where an individual gains the ability to perform tasks effectively, yet requires conscious effort to execute.

Engaged

Involved in an activity or by being fully committed or occupied; it can also refer to the condition of being formally promised in marriage.

Management

The process of planning, organizing, directing, and controlling resources effectively to achieve desired objectives.

Growth

The process of increasing in size, magnitude, or complexity, often used in reference to personal development, economic expansion, or biological increase.