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In a small grocery store, an average of 2 out of 5 customers pay with a credit card. A random sample of 12 customers is selected. (1) Find the probability that exactly 8 customers pay with a credit card. Show calculations. (2) Find the probability that less than 2 customers pay with a credit card. Show calculations. (3) Find the probability that more than 2 customer pay with a credit card. Show calculations.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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