In a survey on consumer spending methods, the following results were obtained. Payment Method  Checks   Cash   Credit cards   Debit/ATM  cards  Other  Transactions, % 39 14 20 15 12 If a transaction tracked in this survey is selected at random, what is the probability that the transaction was paid for by each of the following? (a) with a credit card or with a debit/ATM card   (b) with cash or some method other than with a check, a credit card, or a debit/ATM card

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...
icon
Related questions
Question

In a survey on consumer spending methods, the following results were obtained.

Payment Method  Checks   Cash   Credit cards   Debit/ATM 
cards
 Other 
Transactions, % 39 14 20 15 12

If a transaction tracked in this survey is selected at random, what is the probability that the transaction was paid for by each of the following?

(a) with a credit card or with a debit/ATM card
 

(b) with cash or some method other than with a check, a credit card, or a debit/ATM card
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON