For a Particular Clothing Store, a Marketing Firm Finds That

question 50

Multiple Choice

For a particular clothing store, a marketing firm finds that 16% of $10-off coupons delivered by mail are redeemed. Suppose six customers are randomly selected and are mailed $10-off coupons. What is the probability that at least two of the customers redeem the coupon?

• A) 0.2472
• B) 0.3513
• C) 0.4015
• D) 0.7528

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Definitions:

Proportions

Ratios that compare a part to the whole, often expressed as fractions, decimals, or percentages.

95%

Refers to a confidence interval percentage commonly used in statistics to represent the range within which the true population parameter is expected to fall, with 95% certainty.

Coin

A flat, typically round piece of metal with an official stamp, used as money.

68%

In the context of a normal distribution, it refers to the percentage of data that falls within one standard deviation of the mean.