Question 13 (Mandatory) (6 points) Customer 1 Customer 2 purchase, purchase (2 p

Question

Question 13 (Mandatory) (6 points) Customer 1 Customer 2 purchase, purchase (2 purchases) Purchase No purchase Purchase purchase, no purchase (1 purchase) no purchase, purchase (1 purchase) No ponhase Purchase No punhase no purchase, no purchase (0 purchases) Assume the following probabilities: P(Customer makes a purchase) = 0.150 P(Customer does not make a purchase) 1- 0.150 Compute the probability that both customers purchase (# purchases 2), and enter your answer with 3 decimal places. Your Answer:

Explanation / Answer

P(Both customers purchase) = P(Customer 1 purchase) * P(Customer 2 purchase)

= 0.150 * 0.150

= 0.0225

= 0.023 (Rounded to three decimal places)

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