Question

Use the table to find the probabilities that

a​ person’s total charges during the period are the following.

This table shows the probabilities of a person accumulating specific amounts of credit card charges over a 12-month period.

Charges Probability

Under $100 0.34

$100 – $499 0.18

$500 – $999 0.14

$1000 – $1999 0.13

$2000 – $2999 0.07

$3000 – $4999 0.07

$5000 – $9999 0.06

$10,000 or more 0.01

1. What is the probability that a​ person’s total charges are between $5000 and $9999?

(Use an integer or decimal rounded to two decimal places as needed.)

2. What is the probability that a​ person’s total charges are less than ​$2000?

(Use an integer or decimal rounded to two decimal places as needed.)

3. What is the probability that a​ person’s total charges are over ​$4999?

(Use an integer or decimal rounded to two decimal places as needed.)

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"