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Burka [1]
2 years ago
7

An auto dealership wants to know the average amount of money its customers can spend on a car. The dealership surveys 50 random

customers and finds that 25 shoppers can spend $10,000 or less, 15 can spend $10,001 to $25,000, and 10 can spend more than $25,000. If 1000 customers visit the dealership this coming weekend, the dealership can estimate that _____ of its customers will have a budget greater than $25,000.
Enter your answer as a number, like this: 42
Mathematics
2 answers:
slega [8]2 years ago
7 0

Answer:

200

Step-by-step explanation:

Given:The dealership surveys 50 random customers and finds that 25 shoppers can spend $10,000 or less, 15 can spend $10,001 to $25,000, and 10 can spend more than $25,000.

To Find:  If 1000 customers visit the dealership this coming weekend, the number of customers having budget greater than $25000.

Solution:

Total Number of surveyed customers=50

The Number of customers that can spend \$ 10000=25

The Number of customers that can spend \$ 10001 to \$ 25000=15

The Number of customers that can spend more than \$ 25000=10

Percentage of people that can spend more than \$ 25000 = Number of customers that can spend more than \$ 25000\setminus Total Surveyed Customers

                                    \left ( 10\setminus 50 \right )\times 100=20%

If 1000 customers visits the dealership,

customer that have budget greater than [\$ 25000= total visiting customers\times percentage of people that can spend more than \$ 25000

                                    1000\times 20\setminus 100

                                    200

Hence the customers that having budget greater than \$ 25000 will be 200

KonstantinChe [14]2 years ago
6 0

Hi I would have to say 350

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