Answer:
3.50
Step-by-step explanation:
Answer:
1/3
Step-by-step explanation:
probability = favorable outcomes/total possible outcomes
There are two favorable outcomes, 2 and 5.
There are 6 total possible outcomes.
Make your fraction.
2/6
reduce
1/3
Answer:
The probability that a customer pays late each month is P(B) = 0.27
Step-by-step explanation:
Let P( A ) be the probability that the customer pays on time and the value is 0.55
Let P( B ) be the probability that a customer pays late each month
So
The probability that a customer pays late or on-time each month is P(A u B) and the value is 0.82
The probability that a customer pays on-time and late each month is P(A n B) and the value is zero ( 0 ) given that it is impossible
Now The probability that a customer pays late or on-time each month is mathematically represented as
P(A u B) = P(A) + P(B) - P(A n B)
=> 0.82 = 0.55 + P( B ) - 0
=> P(B) = 0.27
