What is the probability that the next customer pays

Assignment Help Business Economics

Reference no: EM13151954

At a self-service gas station, 39% of the customers pump regular gas, 39% pump midgrade gas, and 22% pump premium gas. Of those who pump regular, 31% pay at least $30. Of those who pump midgrade, 54% pay at least $30. And of those who pump premium, 68% pay at least $30.

What is the probability (±0.001) that the next customer pays at least $30?

What percent of customers who pay at least $30 pump premium? % (Round your answer to the nearest whole number.)

Reference no: EM13151954

Questions Cloud

Explain how both the flow-of-product approach : Explain how both the flow-of-product approach and the earnings approach can be used to measure GDP and the role profit plays in these calculations.

Compute the heat given off by the burning mg : Calculate the heat given off by the burning Mg in kJ/g. b)Calculate the heat given off by burning Mg in kJ/mol

Determine the yielding expected profit : Yyielding a $20,000 profit, and a 30% chance that the building will sell for $230,000, yielding a $70,000 profit. What is the expected profit? = E( X - ) = ( xi - What is Var(X)?

Calculate the cell potential : Consider the cell described below. Al | Al3+ (1.00 M) || Pb2+ (1.00 M) | Pb Calculate the cell potential after the reaction has operated long enough for the [Al3+] to have changed by 0.32 mol/L. (Assume T = 25°C.)

What is the probability that the next customer pays : What is the probability (±0.001) that the next customer pays at least $30? What percent of customers who pay at least $30 pump premium? % (Round your answer to the nearest whole number.)

How can corporate culture affect productivity : How can corporate culture affect productivity? What is its source of generation? Does it just emerge, or is it cultivated? How can corporate culture affect the productivity of the organization? Share your thoughts and examples.

Analysis with an elaborate instrument indicates : Analysis with an elaborate instrument indicates that substance A contains two elements. Substance B and substance C react to give a new substance D. Substance E decomposes upon heating to give substance F and substance G. Heating substance H to 10..

Monopolist is regulated to charge : Suppose the monopolist is regulated to charge a rate which covers all unit cost and total cost, what is this rate and how many units will the monopolist produce?

What is the value of the ionization constant : A 0.300 M solution of an acid, HZ, has a pH = 1.301. What is the value of the ionization constant, Ka, for this acid?

User Account

All Pages