Suppose the manager in Problem 4-38 is concerned about alienating customers who buy more than $20.00, since
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Past data show that only 5% of all customers require $30.00 or more. If one of these big-volume customers arrives, he will get to blindly draw a ball from a box containing 100 balls (99 red, 1 white). If the white ball is picked, the customer gets his gas free. Considering this new promotion, what is the probability that a customer will get free gas?
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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