Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 5-37 The credit department of Lion's Department Store in Anaheim, California. reported that 24 percent of their sales are cash or check, 22 percent

image text in transcribed
image text in transcribed
Exercise 5-37 The credit department of Lion's Department Store in Anaheim, California. reported that 24 percent of their sales are cash or check, 22 percent are paid with a credit card and 54 percent with a debit card. Twenty percent of the cash or check purchases, 90 percent of the credit card purchases. and 60 percent of the debit card purchases are for more than $50. Ms. Tina Stevens just purchased a new dress that cost $120. What is the probability she paid cash or check? {Round vour answer to 3 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Financial Management

Authors: William R. Lasher

6th Edition

1439080496, 978-1439080498

More Books

Students also viewed these Finance questions

Question

2. In what way can we say that method affects the result we get?

Answered: 1 week ago