Answer:
A - For every 100 customers, a cashier should anticipate 26 who do not make a purchase before encountering a buyer.
B - The probability of a purchase is 1/4
Step-by-step explanation:
There's a 74% estimated likelihood that a customer will buy something
If a total of 100 individuals enter the grocery store on any given day,
then 74 % of the visitors
= 74% of 100
= 74 people are likely to make a purchase.
⇒ This means out of 100 visitors, 74 will buy something.
Consequently, the number of individuals NOT buying anything = 100 - 74 = 26
⇒ Thus, 26 people among 100 will NOT make a purchase.
Additionally, 26 equates to 26% of 100
Part A:
So, the cashier can expect 26% of the customers won't buy anything as the percentage of individuals not purchasing stands at 26%.
Thus, in a group of 100 individuals, the cashier can anticipate 26 before finding a buyer.
Part B:
The percentage of customers buying = 74%
The percentage of individuals NOT buying = 26%
Therefore, for every 3 customers making a purchase, there will be 1 who does not buy. Thus, the probability is 1/4
