Thirty-five percent of customers who purchased products from an e-commerce site had orders exceeding $100. If 20%
Question:
Thirty-five percent of customers who purchased products from an e-commerce site had orders exceeding $100. If 20% of the customers have orders exceeding $100 and also pay with the e-commerce site’s sponsored credit card, determine the probability that a customer whose order exceeds $100 will pay with the sponsored credit card.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
Base Number 35 Probabili...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
A simple random sample of customers who purchased products at Amazon.com in the past 3 months were invited by e-mail to respond to the question, Was our website easy to use, and did you find...
-
A restaurant server knows that the probability that a customer will order coffee is .30, the probability that a customer will order a diet soda is .40, and the probability that a customer will...
-
Thirty percent of all customers who enter a store will make a purchase. Suppose that six customers enter the store and that these customers make independent purchase decisions. a. Let x = the number...
-
Amy is domiciled in the UK and has lived in the UK all her life. On 1 January 2020 she leaves to work in Australia for two years, returning on 31 December 2021. During her absence she makes no visits...
-
You are performing a study about weekly per capita milk consumption. A previous study found weekly per capita milk consumption to be normally distributed, with a mean of 48.7 fluid ounces and a...
-
Simplify. (+6) - (-6)
-
A researcher takes all of the possible samples of n 5 4 from a population. Next, the researcher computes a statistic for each sample and calculates the average of all the statistics. Which of the...
-
Midwest Ventilation, Inc., produces industrial ventilation fans. The company plans to manufacture 72,000 fans evenly over the next quarter at the following costs: direct material, $2,880,000; direct...
-
Johanna recientemente se hizo cargo del negocio de su padre. Consider cambiar la fecha en que registra e informa los resultados financieros de la empresa. Su contador le aconsej que no hiciera esto....
-
It is October 16, 2014, and you have just taken over the accounting work of China Moon Products, whose annual accounting period ends October 31. The company's previous accountant journalized its...
-
In 2018, 43% of taxpayers who filed their tax return electronically self-prepared their taxes. If the IRS randomly selected three tax returns submitted electronically, what is the probability that...
-
At a local restaurant, 22% of the customers order takeout. If 8% of the customers order takeout and choose a hamburger, determine the probability that a customer who orders takeout will order a...
-
Briefly explain the basic features of a traditional manufacturing system.
-
A release has been planned with 5 sprints. The team, for the sake of convenience, has decided to keep the sprint duration open. Depending on how much they commit and achieve, they decide to wrap up...
-
Task 3: Reach-truck management 3 Explain why battery-powered reach truck activities at PAPFS are unsatisfactory. Note: You should support your answer, where applicable, using relevant information...
-
Exercise 6: Black Pearl, Inc., sells a single product. The company's most recent income statement is given below. Sales $50,000 Less variable expenses Contribution margin Less fixed expenses Net...
-
Your maths problem x+3x-3
-
Spencer is a 10-year-old boy who has been living in a family-style therapeutic group home for one year. He was removed from his mother's care due to neglect from her drug use and the resulting legal...
-
Without actually solving the inequality, explain why -4 must be in the solution set of > 0. +4 2 + 1
-
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
-
Consider the following contingency table of observed frequencies: a. Identify the null and alternative hypotheses for a chisquare test of independence based on the information in the table. b....
-
The following contingency table shows the distribution of grades earned by students taking a midterm exam in an MBA class, categorized by the number of hours the students spent studying for the exam:...
-
Suppose Capital One would like to determine if the type of credit card influences the payment status of a customers account. The following table indicates the card type for 200 randomly selected...
-
Current Portion of Long-Term Debt PepsiCo, Inc., reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt is composed of...
-
Show transcribed image text 31/12/2016 GHS'000 25,500 The following information relates to the draft financial statements of Samanpa Ltd. Summarised statement of financial position as at: 31/12/2017...
-
\ How do i solve this? Beginning raw materials inventory Ending raw materials inventory Direct labor Operating expenses Purchases of direct materials Beginning work in process inventory Ending work...
Study smarter with the SolutionInn App