Respuesta :
Rounding to the nearest hundredth, 0.06 = 6% probability that the first new customer places the 5th order.
What is probability?
Probability is the extent to which an event is likely to occur, measured by the ratio of the favourable cases to the whole number of cases possible.
We want to find that the first order placed by a new customer is the 5th.
We have that:
8% = 0.08 probability that an order is placed by a new customer.
1 - 0.08 = 0.92 = 92% probability that an order is placed by an old customer.
Probability that the first order placed by a new customer is the 5th:
First four all old, each with 0.92 probability.
Firth new, with 0.08 probability. So
[tex]p=(0.94)^4\times 0.08=0.0573[/tex]
Rounding to the nearest hundredth, 0.06 = 6% probability that the first new customer places the 5th order.
To know more about probability follow
https://brainly.com/question/24756209
#SPJ2