(Solution) - Suppose that 1 of all items in a supermarket are -(2025 Original AI-Free Solution)

Discipline:

Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Paper Details

Suppose that 1% of all items in a supermarket are not priced properly. A customer buys ten items. What is the probability that she will be delayed by the cashier because one or more of her items require a price check? Calculate both a binomial answer and a Poisson answer. Is the binomial model "exact" in this case? Explain.