Brandon Lang is a creative entrepreneur who has developed a novelty soap item called Jackpot to target consumers with a gambling habit. Inside each bar of Jackpot soap is a single rolled-up bill of U.S. currency. The currency (rolled-up and sealed in shrink wrap) is appropriately inserted into the soap mixture prior to the cutting and stamping procedure. The distribution of paper currency (per 1000 bars of soap) is given in the following tableDistribution of Paper Currency PrtizesBill Denomination Number of Bills$1 520$5 260$10 120 $20 70$50 29$100 1Total 1000 d. If a customer buys 8 bars of soap, what is the probability that at least one of these bars contains a bill of $20 or larger?
Brandon Lang is a creative entrepreneur who has developed a novelty soap item called Jackpot to target consumers with a gambling habit. Inside each bar of Jackpot soap is a single rolled-up bill of U.S. currency. The currency (rolled-up and sealed in shrink wrap) is appropriately inserted into the soap mixture prior to the cutting and stamping procedure. The distribution of paper currency (per 1000 bars of soap) is given in the following table
Distribution of Paper Currency Prtizes
Bill Denomination Number of Bills
$1 520
$5 260
$10 120
$20 70
$50 29
$100 1
Total 1000
d. If a customer buys 8 bars of soap, what is the probability that at least one of these bars contains a bill of $20 or larger?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images