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The American Express center of a bank in Calgary has found that 70 percent of cardholders pay their new monthly balance in full before the
The American Express center of a bank in Calgary has found that 70 percent of cardholders pay their new monthly balance in full before the payment due date. Suppose the credit center selects six cardholders at random. Use this information to answer the following questions. a) What is the probability that all six cardholders will pay their new monthly balance in full before the payment due date? For full marks your answer should be accurate to at least three decimal places. Probability: - b) What is the probability that at least ve of them will pay their new monthly balance in full before the payment due date? For full marks your answer should be accurate to at least three decimal places. Probability
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