The frequency distribution of balance maintained by1000 customers of XYZ bank is as follows: Frequency 5,000 – 55,000 350 55,000 – 1,05,000 50 1,05,000 – 1,55,000 150 1,55,000-2,05,000 250 2,05,000-2,55,000 140 2,55,000+ 60 What is the probability that randomly selected customer? i. Holds a balance of 1,05,000 1,55,000 ii. Holds balance more than 2,05.000
The frequency distribution of balance maintained by1000 customers of XYZ bank is as follows: Frequency 5,000 – 55,000 350 55,000 – 1,05,000 50 1,05,000 – 1,55,000 150 1,55,000-2,05,000 250 2,05,000-2,55,000 140 2,55,000+ 60 What is the probability that randomly selected customer? i. Holds a balance of 1,05,000 1,55,000 ii. Holds balance more than 2,05.000
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...
Related questions
Question
Transcribed Image Text:The frequency distribution of balance maintained by1000 customers of XYZ bank is as follows:
Frequency
5,000 - 55,000
350
55,000 – 1,05,000
50
1,05,000 – 1,55,000
150
1,55,000-2,05,000
250
2,05,000-2,55,000
140
2,55,000+
60
What is the probability that randomly selected customer?
i.
Holds a balance of 1,05,000 – 1,55,000
ii.
Holds balance more than 2,05,000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON