A company announces that it will soon release a cheap Smart Watch. It opens a contest to guess the retail price of the watch, with the information that it will be more than $24.95 but no more than $49.95. They decide to give a free watch to anyone who guesses close enough, which is in the range $30.00 < Price s $31.00. Their experience is that any price at all is equally likely to be guessed. They receive 52 entries, which seem to be from different customers. What is the probability that exactly 3 customers will win a watch? .0577 .120 O.191 O.235 O.377

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A company announces that it will soon release a cheap Smart Watch. It opens a contest to guess the
retail price of the watch, with the information that it will be more than $24.95 but no more than
$49.95. They decide to give a free watch to anyone who guesses close enough, which is in the range
$30.00 < Price s $31.00. Their experience is that any price at all is equally likely to be guessed. They
receive 52 entries, which seem to be from different customers.
What is the probability that exactly 3 customers will win a watch?
.0577
.120
O .191
.235
.377
Transcribed Image Text:A company announces that it will soon release a cheap Smart Watch. It opens a contest to guess the retail price of the watch, with the information that it will be more than $24.95 but no more than $49.95. They decide to give a free watch to anyone who guesses close enough, which is in the range $30.00 < Price s $31.00. Their experience is that any price at all is equally likely to be guessed. They receive 52 entries, which seem to be from different customers. What is the probability that exactly 3 customers will win a watch? .0577 .120 O .191 .235 .377
Use an appropriate approximate method to find the probability that no more than 3 customers will win
a watch.
.842
.809
.766
.639
.578
Transcribed Image Text:Use an appropriate approximate method to find the probability that no more than 3 customers will win a watch. .842 .809 .766 .639 .578
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