About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevailing minimum wage or less.Company C has 1032 employees. What is the probability that Company C will get the discount?

About 5% of hourly paid workers in a region earn the prevailing minimum wage or less. A grocery chain offers discount rates to companies that have at least 30 employees who earn the prevailing minimum wage or less.Company C has 1032 employees. What is the probability that Company C will get the discount?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Jacobs & Johnson, an accounting firm, employs 17 accountants, of whom 6 are CPAs. If a delegation of 2 accountants is randomly selected from the firm to attend a conference, what is the probability that 2 CPAs will be selected? (Round your answer to three decimal places.)
The monthly incidence of necrotizing fasciitis in the U.S. is 50 cases. The population of the U.S. is about 312 million, and the population of Georgia is about 10 million. Assume that cases of necrotizing fasciitis are independent, and that the risk is the same in for people in Georgia as it is for people in the U.S. as a whole. a. What is the probability that three or more cases of necrotizing faciitis occur in Georgia next month? b .What is the probability that three or more cases of necrotizing fasciitis occur in Georgia during the next four months?
A mortgage advisor sells on average 3.5 mortgages every two weeks. i. What is the probability that they sell 5 mortgages in a two week period? ii. What is the probability they sell more than 8 mortgages over a four week period?
A store sells on average 1.4 cars per day. What is the probability that it will sell at least 2 cars today?
A baseball player has a batting average of .211 (in other words, he gets a hit 21.1 % of the time that he goes up to bat). If he goes up to bat 13 times, what is the probability that he will get exactly 4 hits?
The Mighty Mouse Amusement park fills to capacity 73.1% of the time. Out of 3 randomly selected days, what is the probability that the park has at least one day filled to capacity. Round to four 4 decimals.
Actuaries are statisticians who help determine insurance premiums. Assume major car accidents (that end up totaling the car) in a small rural area happen at a rate of 40 per year. What is the probability that in the coming year there will be at most 37 car accidents?
An assembly line produces a tool. The parts are independently sampled one at a time and tested for compliance. Historically, 0.15 of the parts have been found to be non-compliant. What is the probability that the 6th sampled part will be the 3rd part found to be non-compliant?
A store sells on average 1.9 cars per day. What is the probability that it will sell at least 2 cars today?