Suppose you want to estimate the probability that a randomly selected customer at a particular grocery store will pay by credit card. Over the past 3 months, 70,600 purchases were made, and 22,200 of them were paid for by credit card. What is the estimated probability that a randomly selected customer will pay by credit card?
A)0.3144
B)0.5391
C)0.7233
D)0.8548
E)0.8633

Question

Suppose you want to estimate the probability that a randomly selected customer at a particular grocery store will pay by credit card. Over the past 3 months, 70,600 purchases were made, and 22,200 of them were paid for by credit card. What is the estimated probability that a randomly selected customer will pay by credit card? ​
A)0.3144
B)0.5391
C)0.7233
D)0.8548
E)0.8633

Quizplus · Accepted Answer

The Answer is A

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