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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are the webmaster for your firm's web-site.From your records,you know that the probability that a visitor will buy something from your firm is 0.23.In one day,the number of visitors is 952.
-What is the probability that at least 210 of them will buy something from your firm? Use the normal approximation to the binomial.
Tails
The extreme ends of a distribution, representing outcomes that are far from the central peak of the distribution.
Flipping
Flipping typically refers to buying assets, such as real estate or stocks, and quickly selling them for a profit.
Dependent
Being influenced by another variable, in statistics, refers to the variable whose value is predicted in a regression analysis.
Independent
A condition where the occurrence or value of one variable does not affect or is not associated with another.
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