credit card on is norm.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
icon
Related questions
Question
The Visa credit card company has determined that the amount its customers spend per
transaction is normally distributed with an average of R5800 per month and a standard
deviation of R900. What proportion of customers spend less than R4750 per month
(rounded off to three decimals)?
O A. 0.879
B. 0.121
OC. 0.916
D. 1.166
Transcribed Image Text:The Visa credit card company has determined that the amount its customers spend per transaction is normally distributed with an average of R5800 per month and a standard deviation of R900. What proportion of customers spend less than R4750 per month (rounded off to three decimals)? O A. 0.879 B. 0.121 OC. 0.916 D. 1.166
In a large metropolitan area, past records revealed that 30 percent of all the high school
graduates go to college. From 10 graduates selected at random, what is the probability that:
No more than 3 will go to college (rounded off to three decimals)?
A. 0.267
B. 0.382
C. 0.649
D. 0.121
E. None of the preceding
Transcribed Image Text:In a large metropolitan area, past records revealed that 30 percent of all the high school graduates go to college. From 10 graduates selected at random, what is the probability that: No more than 3 will go to college (rounded off to three decimals)? A. 0.267 B. 0.382 C. 0.649 D. 0.121 E. None of the preceding
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning