d. Find the probability that a customer rents at most two DVDs. (Give your answer as a decimal) Answer: 0.80
Solución de tutoría real
Responder
Solución
¡Inicia sesión para desbloquear respuestas gratis!
Una plataforma de aprendizaje en la que confían millones de estudiantes y profesores reales.
Revisado y aprobado por el equipo de tutoría de UpStudy
The Deep Dive
To better understand this probability, let's consider how the data might have been derived. If the customer rental behavior was analyzed using a standard distribution or historical rental data, the probability could be calculated by summing the likelihoods of renting 0, 1, or 2 DVDs together. For instance, if the chances of renting each amount are known (such as from previous rentals), you can essentially add up these probabilities to find the likelihood of a customer renting at most 2 DVDs. In practical terms, if you're running a rental service, you could use this probability to forecast inventory needs. Knowing that 80% of your customers typically rent 0 to 2 DVDs allows you to better manage stock levels and ensure customer satisfaction. For instance, if you know a certain movie is popular, you can prioritize stocking it based on these trends!