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.