Use the table to find the probabilities that a person's total charges during the period are the following. This table shows the probabilities of a person accumulating specific amounts of credit card charges over a 12-month period. Charges Probability 0.32 0.17 Under $100 $100 - $499 $500 - $999 $1000 - $1999 What is the probability that a person's total charges are $500 or more? 0.16 0.14 0.06 0.06 0.08 0.01 (Type an integer or decimal rounded to two decimal places as needed.) $2000 - $2999 $3000 - $4999 $5000 - $9999 $10,000 or more

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Use the table to find the probabilities that a person's total charges during the
period are the following.
This table shows the probabilities of a person accumulating specific
amounts of credit card charges over a 12-month period.
Charges
Probability
Under $100
$100 - $499
$500 - $999
0.32
0.17
What is the probability that a person's total charges are $500 or more?
0.16
0.14
0.06
0.06
0.08
0.01
(Type an integer or decimal rounded to two decimal places as needed.)
$1000 - $1999
$2000 - $2999
$3000 - $4999
$5000 - $9999
$10,000 or more
Transcribed Image Text:Use the table to find the probabilities that a person's total charges during the period are the following. This table shows the probabilities of a person accumulating specific amounts of credit card charges over a 12-month period. Charges Probability Under $100 $100 - $499 $500 - $999 0.32 0.17 What is the probability that a person's total charges are $500 or more? 0.16 0.14 0.06 0.06 0.08 0.01 (Type an integer or decimal rounded to two decimal places as needed.) $1000 - $1999 $2000 - $2999 $3000 - $4999 $5000 - $9999 $10,000 or more
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