deion owns a small business selling clothing. he knows that in the last week 45 customers paid cash, 6…

deion owns a small business selling clothing. he knows that in the last week 45 customers paid cash, 6 customers used a debit card, and 37 customers used a credit card. based on these results, express the probability that the next customer will pay with cash as a decimal to the nearest hundredth.

deion owns a small business selling clothing. he knows that in the last week 45 customers paid cash, 6 customers used a debit card, and 37 customers used a credit card. based on these results, express the probability that the next customer will pay with cash as a decimal to the nearest hundredth.

Answer

Explanation:

Step1: Calculate total number of customers

Total customers = number of cash - paying customers + number of debit - card - using customers + number of credit - card - using customers. So, total customers (n=45 + 6+37=88).

Step2: Calculate probability of paying with cash

Probability formula is (P=\frac{\text{Number of favorable outcomes}}{\text{Total number of outcomes}}). Here, number of favorable outcomes (cash - paying customers) (m = 45), total number of outcomes (n = 88). So, (P=\frac{45}{88}\approx0.51) (rounded to the nearest hundredth).

Answer:

(0.51)