D. Expected Values 16. A grocery chain is offering a promotion where every 2,000th customer...
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D. Expected Values
16. A grocery chain is offering a promotion where every 2,000th customer checking out will get his purchase for free. The average customers purchase is $98.35.
a. If the store has 6,000 customers each week, how many prizes should it expect to give away each week?
b. What is the expected cost per customer of this promotion?
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