Considering that 30 out of 120 clients are willing to pay at least $95, we use the it's concept and find that there is a 0.25 = 25% probability that a customer is willing to pay at least $95.
<h3>What is a probability?</h3>
A probability is given by the <u>number of desired outcomes divided by the number of total outcomes</u>.
In this problem, we suppose that 30 out of 120 clients are willing to pay at least $95, hence:

There is a 0.25 = 25% probability that a customer is willing to pay at least $95.
More can be learned about the probability concept at brainly.com/question/15536019
Answer:
The simple way to calculate a trade-weighted average tariff rate is to divide the total tariff revenue by the total value of imports. Since these data are regularly reported by many countries, this is a common way to report average tariffs.
Answer:
2.05 and 14.61
Step-by-step explanation:
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