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Texts: 1. Using MS-Excel, answer the following questions and p
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Texts: 1. Using MS-Excel, answer the following questions and plot the relevant probability distribution functions (PMF and CDF): a) On average, 20 customers per day cancel their orders placed at Fashion Trends Online. Calculate the probability that the number of cancellations on a day is exactly 20. b) Fashion Trends Online (FTO) is an e-commerce company that sells women's apparel. It is observed that about 10% of their customers return the items purchased by them for many reasons. On a particular day, 20 customers purchased items from FTO. Calculate the probability that a maximum of 5 customers will return the items.

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Texts: 1. Using MS-Excel, answer the following questions and plot the relevant probability distribution functions (PMF and CDF): a) On average, 20 customers per day cancel their orders placed at Fashion Trends Online. Calculate the probability that the number of cancellations on a day is exactly 20. b) Fashion Trends Online (FTO) is an e-commerce company that sells women's apparel. It is observed that about 10% of their customers return the items purchased by them for many reasons. On a particular day, 20 customers purchased items from FTO. Calculate the probability that a maximum of 5 customers will return the items.
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Question Text
Texts: 1. Using MS-Excel, answer the following questions and plot the relevant probability distribution functions (PMF and CDF): a) On average, 20 customers per day cancel their orders placed at Fashion Trends Online. Calculate the probability that the number of cancellations on a day is exactly 20. b) Fashion Trends Online (FTO) is an e-commerce company that sells women's apparel. It is observed that about 10% of their customers return the items purchased by them for many reasons. On a particular day, 20 customers purchased items from FTO. Calculate the probability that a maximum of 5 customers will return the items.
TopicAll Topics
SubjectStatistics
ClassClass 11