Subtract 8 from n then divide m by the result
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Probability helps us to know the chances of an event occurring. The probability that the next customer will pay with cash as a percent to the nearest whole number is 64%.
<h3>What is Probability?</h3>Probability helps us to know the chances of an event occurring. The sum of all the probabilities of an event is always equal to 1. The formula for probability is given as,
Given that in the last week 71 customers paid cash, 4 customers used a debit card, and 36 customers used a credit card. Therefore, the total number of customers who came to the business last month is,
Total number of customers = 71 + 4 + 36 = 111
Now, the probability that the next customer will pay with cash is,
Probability
= Number of customers who pay with cash / Total number of customers
= 71 / 111
= 0.63963
To convert probability into percentage multiply it by 100%, therefore, the probability can be written as,
Probability = 0.63963 × 100%
= 63.963% ≈ 64%
Hence, the probability that the next customer will pay with cash as a percent to the nearest whole number is 64%.
Learn more about Probability here:
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