Your Store Is Interested In Learning More About Customers Purchasing Patterns And Ho 7804452

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Answer to : Your Store Is Interested In Learning More About Customers Purchasing Patterns And Ho 7804452

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Your store is interested in learning more about customers’ purchasing patterns and how they relate to the frequency of store visits. The probability that a customer’s visit will result in a purchase is 0.35. The probability that a customer has been to the store within the past month is 0.20. Of those who did not buy anything, 12% had been there within the past month.

a. Draw a probability tree for this situation.

b. Find the conditional probability of making a purchase given that the customer had been to the store within the past month.

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