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Question 10 During the day, customers arrive at an automatic teller machine (ATM) to withdraw cash. Statistical analysis of past data shows that the amounts
Question 10 During the day, customers arrive at an automatic teller machine (ATM) to withdraw cash. Statistical analysis of past data shows that the amounts withdrawn per day range between R100 and R1 000 per customer with the following frequencies: Amount Frequency per (number of customers withdrawal per day) R100 R200 20 R300 R500 R1000 10 1 Convert the frequency table to a cumulative probability distribution. (2) 10.2 Suppose the initial amount of cash available at the ATM on a certain day is R20 000. Can the bank expect a shortfall of cash at the ATM on that day? (2)
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