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:

Big Picture

An overall or comprehensive view or perspective of a situation or problem.

Advantages

Benefits or positive aspects that contribute to achieving success, efficiency, or effectiveness in a particular context.

Writer

An individual engaged in the act of creating written content, ranging from literary work to technical documentation.

Transitional Word

A word or phrase that helps to smoothly connect ideas between sentences or paragraphs in written text.