The Owner of a Pet Store Is Trying to Decide

question 86

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.
-Assuming the pet store owner is correct in thinking that only 4% of her customers purchase
specialty clothes for their pets, how many customers should she expect before someone
buys a garment for their pet?

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Definitions:

Entire Formula

Refers to the complete expression or calculation written in a cell in spreadsheet software.

Automatically Selected Range

A feature in some software that detects and selects a range of cells based on data patterns or cursor position without manual input.

Functions

Predefined operations in programming and spreadsheet applications that perform calculations or tasks, typically taking input values and returning a result.

Functional Considerations

Factors related to the performance, capabilities, and usability of a product, system, or process.