Probability of credit card usage

Reference no: EM13101381

Each time that Ed charges his credit card, he omits the cents and records only the dollar value. If this month he has charged his credit card 20 times what can be said about the probability that the record shows at least $15 less than the actual amount?

Reference no: EM13101381

Questions Cloud

Compare and interpret z-scores-probability : Colleges typically use grade point average cutoffs to decide who graduates with honors and who is accepted into certain programs (such as teacher education, for example).

Explain why getting a degree online gives you much more : Explain why "Getting a degree online gives you much more flexibility in terms of when you take classes" is unreasonable.

What is the dissipated power : A typical lightbulb in your house is rated 200 W, which means that the bulb dissipates 200 W when connected to a DC voltage of 110 V. (a) What is the current through the lightbulb? (b) If the voltage is reduced to 55 V, what is the dissipated powe..

What is the resistance : A glass capillary tube with a diameter of 8.5 mm and length 16 cm is filled with a salt solution with a resistivity of 3.4 ?m. What is the resistance?

Probability of credit card usage : Each time that Ed charges his credit card, he omits the cents and records only the dollar value. If this month he has charged his credit card 20 times what can be said about the probability that the record shows at least $15 less than the actual a..

Random sample of people in a large population : People in a large population average 60 inches tall. You take a random sample and will be given a dollar for each person in your sample who is over 65 inches tall.

Find the final temperature of the ball : A copper ball with a radius of 1.7cm is heated until its diameter has increased by 0.19mm a)Assuming an initial temperature of 22 degrees celsius, find the final temperature of the ball.

Illustrate what can business do to prevent unexpected : Illustrate what can business do to prevent unexpected problems in dealing with socio cultural economic and financial, legal regulatory and physical and environmental forces in global markets?

At what temperature is the diameter of the hole equal : At what temperature is the diameter of the hole equal.

User Account

All Pages