About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies employees who earn the prevailing minimum wage or less. Complete parts (a) through (c) below. (a) Company A has 284 employees. What is the probability that Company A will get the discount? 0.0001 (Round to four decimal places as needed.) (b) Company B has 535 employees. What is the probability that Company B will get the discount? 0.2927 (Round to four decimal places as needed.) (c) Company C has 1000 employees. What is the probability that Company C will get the discount? (Round to four decimal places as needed.)
About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies employees who earn the prevailing minimum wage or less. Complete parts (a) through (c) below. (a) Company A has 284 employees. What is the probability that Company A will get the discount? 0.0001 (Round to four decimal places as needed.) (b) Company B has 535 employees. What is the probability that Company B will get the discount? 0.2927 (Round to four decimal places as needed.) (c) Company C has 1000 employees. What is the probability that Company C will get the discount? (Round to four decimal places as needed.)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
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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Transcribed Image Text:About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30
employees who earn the prevailing minimum wage or less. Complete parts (a) through (c) below.
(a) Company A has 284 employees. What is the probability that Company A will get the discount?
0.0001 (Round to four decimal places as needed.)
(b) Company B has 535 employees. What is the probability that Company B will get the discount?
0.2927 (Round to four decimal places as needed.)
(c) Company C has 1000 employees. What is the probability that Company C will get the discount?
(Round to four decimal places as needed.)
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