Question

The following graph shows the amounts customers say they are willing to pay for jeans. What is the likelihood that a customer is willing to pay at least $95?

Answer 1

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.

What is a probability?

A probability is given by the number of desired outcomes divided by the number of total outcomes.

In this problem, we suppose that 30 out of 120 clients are willing to pay at least $95, hence:

$p = \frac{30}{120} = 0.25$

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