The frequency distribution of balance maintained by1000 customers of XYZ bank is as follows:Frequency5,000 – 55,00035055,000 – 1,05,000501,05,000 – 1,55,0001501,55,000-2,05,0002502,05,000-2,55,0001402,55,000+60What is the probability that randomly selected customer?Holds a balance of 1,05,000 – 1,55,000i.ii.Holds balance more than 32,05,000

Answered: Image /qna-images/answer/5e11e539-00cf-4f0d-b7fd-f20ef425df1f.jpg

Answered: What is the probability that randomly…

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...

See similar textbooks

Similar questions

a. In CSE230, there were 2 assignments this semester. The probability that you would get above average marks in the first and the second assignments are 0.7 and 0.6 respectively. But if someone gets the above average marks in the first assignment, the probability of getting above average marks in the second assignment becomes 0.9. What is the probability to get above average marks in both the assignments?
Q: If 5% of the people are carriers of a certain disease and 10% of them are young, what is the probability that the young person will be a carrier? For disease if we know that young people make up 20% of the population?
what about : Determine the probability that exactly 34 flights will arrive on time.
Suppose that 35% of people own dogs. If you pick two people at random, what is the probability that they both own a dog?Give your answer as a decimal (to at least 3 places) or fraction
A daycare provider has determined that 80% of the children in her care develop colds each winter. This year there are 40 children at the daycare. What is the probability that fewer than 30 children will develops colds this winter? Please explain. Options A. 0.2148 B. 0.2852 C. 0.5704 D. 0.4297
Determine which of the following numbers could not represent the probability of an event. 440 35 1219 22 0,0.019, - 0.6, 40%, Select all that apply. OA. 0 B. 35 22 O C. 440 1219 O D. -0.6 E. 0.019 F. 40%
Find the probability that a driver with at least one collision in the past year is a middle aged adult driver.
The probability that an applicant will be approved for a mortgage is 0.15. Each applicant has the same probability of being approved and the event that they are approved are independent. What is the probability that out of three applicants, exactly two of them get approved? Enter your answer as a decimal, with three decimal places. For example, if the probability is 15.37%, enter 0.154
Question is in the image below.
state whether you think the difference between what occured and what you would expect by chance is statistically significant. You draw a card at random from a deck of cards and replace it. You repeat this 100 times and get an ace 40 times.

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS

What is the probability that randomly selected customer? Holds a balance of 1,05,000 – 1,55,000 Holds balance more than 2,05,000 i. ii.