Answer:
0.942 is the required probability.
Step-by-step explanation:
We are given the following in the question:
x is a binomial random variable with n = 5 and p = 0.8.
Then,
where n is the total number of observations, x is the number of success, p is the probability of success.
We have to evaluate:
0.942 is the required probability.
Given :
Casey's company charges , C = $300.
In summer special, Casey offers customers a trade discount of 25%.
To Find :
Charges during summer.
Solution :
Let, x is the amount of charges they take during summer.
Casey offers customers a trade discount of 25%.
Therefore, amount of charges during summers are $225.
Hence, this is the required solution.