Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The checking accounts of USF Credit Union are categorized by age of account and balance in account. We are going to select an account at

The checking accounts of USF Credit Union are categorized by age of account and balance in account. We are going to select an account at random from this group of 2000 accounts.

balance

age of account| $0-$499 | >= $500 |

------------------------------------------

less than 3 years |700|500|

>= 3 years|200|600|

Then probability P(>= 3 years) =

a. 0.4

b. 6/11

c. none of these

d. 2/9

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

Algebra 2 Grades 9-12 McDougal Littell High School Math Texas

Authors: MCDOUGAL LITTEL

Texas

9780618595556, 0618595554

More Books

Students also viewed these Mathematics questions