Answer:
The correct price is 10.01
Step-by-step explanation:
The manager multiplied the price by 43%, instead of noticing the words "mark up", which means the price increased by 43 percent and the cost is multiplied by 143/100!
Answer:
(a) The expected number of guests until the next one pays by American Express credit card is 4.
(b) The probability that the first guest to use an American Express is within the first 10 to checkout is 0.0215.
Step-by-step explanation:
The random variable <em>X</em> can be defined as the number of guests until the next one pays by American Express credit card
The probability that a guest paying by American Express credit card is, <em>p</em> = 0.20.
The random variable <em>X</em> follows a Geometric distribution since it is defined as the number of trials before the first success.
The probability mass function of <em>X</em> is:

(a)
The expected value of a Geometric distribution is:

Compute the expected number of guests until the next one pays by American Express credit card as follows:



Thus, the expected number of guests until the next one pays by American Express credit card is 4.
(b)
Compute the probability that the first guest to use an American Express is within the first 10 to checkout as follows:


Thus, the probability that the first guest to use an American Express is within the first 10 to checkout is 0.0215.
Answer:19/20
1-20=19
1÷20=0.05
0.05=5%
I hope this is good enough:
The process and answer are in the picture. If you’re satisfied, could you please give me a brilliant answer! :)