The chart provided shows the probability that a customer will use a coupon offered in a local paper by Lucky Shirts Store. Using this information, compute the odds that a customer will use the coupon, who spends $4,000 and does NOT bank at BankOne. Annual Spending at Lucky Shirts Store

A) .4594
B) .3148
C) 1.4845
D) .7742

Question

The chart provided shows the probability that a customer will use a coupon offered in a local paper by Lucky Shirts Store. Using this information, compute the odds that a customer will use the coupon, who spends $4,000 and does NOT bank at BankOne. Annual Spending at Lucky Shirts Store

A) .4594 
B) .3148 
C) 1.4845 
D) .7742

Quizplus · Accepted Answer

The probability of using the coupon, spending $4,000 and not being a customer is 0.3148 = 3,148/10,000. This means that the odds of such an event are 3,148/(10,000 − 3,148) = 3,148/6,852 = 0.4594.

The Chart Provided Shows the Probability That a Customer Will