We all hate to keep track of small change. By using random numbers, it is possible to eliminate the need for change and give the store and the customer a fair deal. This problem indicates how it couldbe done.a. Suppose that you buy something for $0.20. How could you use random numbers (built into the cash register system) to decide whether you should pay $1.00 or nothing?b. If you bought something for $9.60, how would you use random numbers to eliminate the need for change?c. In the long run, why is this method fair to both the store and the customers? Would you personally (as a customer) be willing to abide by such a system?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
We all hate to keep track of small change. By using random numbers, it is possible to eliminate the need for change and give the store and the customer a fair deal. This problem indicates how it could
be done.
a. Suppose that you buy something for $0.20. How could you use random numbers (built into the cash register system) to decide whether you should pay $1.00 or nothing?
b. If you bought something for $9.60, how would you use random numbers to eliminate the need for change?
c. In the long run, why is this method fair to both the store and the customers? Would you personally (as a customer) be willing to abide by such a system?
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