Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 22 Feb 2018 My Price 5.00

“Savings Wheel”

1.    A local hardware store has a “Savings Wheel”  at the checkout. Customers get to spin the wheel and, when the wheel stops, a pointer indicates how much they will save. The wheel can stop in any one of

50 sections. Of the sections, 10 produce 0% off,

20 sections are for 10% off, 10 sections for 20%,

5 for 30%, 3 for 40%, 1 for 50%, and 1 for 100% off. Assuming that all 50 sections are equally likely,

a.   What is the probability that a customer’s purchase will be free (100% off)?

b.   What is the probability that a customer will get no savings from the wheel (0% off)?

c.   What is the probability that a customer will get at least 20% off?

 

Answers

(5)
Status NEW Posted 22 Feb 2018 09:02 PM My Price 5.00

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