The checking accounts of Sun Bank are categorized by the age of account and the account balance. Auditor will select accounts at random from the following 1000 accounts   a)    What is the probability that an account is less than 2 years old? b)    What is the probability that an account has balance of $1000 or more?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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The checking accounts of Sun Bank are categorized by the age of account and the account balance. Auditor will select accounts at random from the following 1000 accounts

 

a)    What is the probability that an account is less than 2 years old?

b)    What is the probability that an account has balance of $1000 or more?

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