In a sales promotion, a clothing store gives its customers a chance to draw a ticket from
Question:
In a sales promotion, a clothing store gives its customers a chance to draw a ticket from a box that contains a discount on their next purchase. The box contains 3000 tickets giving a 10% discount, 500 giving a 30% discount, 100 giving a 50% discount, and 1 giving a 100% discount. What is the probability that a given customer will randomly draw a ticket giving
(a) A 100% discount?
(b) A 50% discount?
(c) A discount of less than 50%?
(d) Is a given customer more likely to get a 30% discount or a discount higher than 30%?
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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