What does the probability of a visitor at the mall buy a pack of candy signify?

The probability of a visitor at the mall buying a pack of candy signifies a percentage likelihood of purchasing. This means that it represents the chance, expressed as a number between 0 and 1 (or as a percentage), that a randomly selected visitor will make that particular purchase.

For example, if the probability is 0.3, it indicates that there is a 30% chance that a visitor will buy a pack of candy during their visit. This understanding is crucial in various contexts, such as marketing, sales forecasting, and inventory management, as it helps businesses analyze and predict consumer behavior.

The other concepts related to visitor numbers, ratios, or overall sales represent different aspects that do not directly pertain to the likelihood of an individual making a purchase. The focus here is specifically on an individual's buying behavior, captured by the probability metric.