bout 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 299 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 511 employees. What is the probability that Company B will get the discount? 0.2113 (Round to four decimal places as needed.) (c) Company C has 1012 employees. What is the probability that Company C will get the discount? (Round to four decimal places as needed.)

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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 299 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 511 employees. What is the probability that Company B will get the discount?
02113 (Round to four decimal places as needed.)
(c) Company C has 1012 employees. What is the probability that Company C will get the discount?
(Round to four decimal places as needed.)
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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 299 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 511 employees. What is the probability that Company B will get the discount? 02113 (Round to four decimal places as needed.) (c) Company C has 1012 employees. What is the probability that Company C will get the discount? (Round to four decimal places as needed.) sta... W OF DRAFT 21 ents.pdf Deputy Fire... Enter your answer in the answer box and then click Check Answer. Clear All Check Answer All parts showing ey LAMA DRAFT Deputy Fire... O Calendar - mregal.. Mư Questions Lhart.
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The probability concept is originated as a theory of games and chances. This is developed by Galileo, James Bernoulli, P.S Laplace, A.N Kolmogorov, and others.

Probability is a numerical measure of the chance of occurrence of an event. In probability distribution, the binomial distribution is the discrete probability. If the value of np and npq is more than 5 then we go for normal approximation

 

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