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Compact case
Caselet
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Reference no. 614-052-1
Authors: R Muthukumar (Bennett, Coleman & Co. Ltd.); Nagendra V Chowdary (Bennett, Coleman & Co. Ltd.)
Published in: 2014

Abstract

This caselet enables an understanding of the application of Discrete Probability Distribution. Maxwell is an upcoming electronics retailer in Bangalore, India. Through its huge promotional offers, it had continued attracting a lot of window purchasers. The company sold all types of electronic gadgets including multi-brand handsets, accessories, network connections, provided repair services, etc. As the founder observed that not all the visitors became Maxwell's customers. Based on his past experience and recommendation from consultant, he wanted to estimate the probability of the number of customers who may make purchases based on discrete probability distribution.
Location:
Other setting(s):
2014

About

Abstract

This caselet enables an understanding of the application of Discrete Probability Distribution. Maxwell is an upcoming electronics retailer in Bangalore, India. Through its huge promotional offers, it had continued attracting a lot of window purchasers. The company sold all types of electronic gadgets including multi-brand handsets, accessories, network connections, provided repair services, etc. As the founder observed that not all the visitors became Maxwell's customers. Based on his past experience and recommendation from consultant, he wanted to estimate the probability of the number of customers who may make purchases based on discrete probability distribution.

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Location:
Other setting(s):
2014

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