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To promote sales a retailer special scratch-coupons. When the shopper makes a purchase, the clerk scratches o↵ the covering to reveal the amount of the discount. The discount is 10%, 30% and 50% of the initial amount. 7/8 of the coupons give the shopper 10%, 3/32 give 30% , and 1/32 give 50%. Suppose that half of the customers purchase a sweater that retails for $100 and another half purchases a suit that retails for $150. What's the probability that a randomly selected customer saves more than $40 by using one of these coupons?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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