Credit Card Charges period is shown in the pie chart Find each probability The p

Question

Credit Card Charges period is shown in the pie chart Find each probability The percent distribution of a person's accumulating specific amounts of credit card charges over a 12-month p $100-$499 a 5500-$99 $1000-51999 $2000-$2999 $3000-34999 55000-59999 000 or a. What is the probabliy that a person's total charges are $1000 or more? Type an integer or a decimal) b. What is the probability that a person's total charges are less than $1000? (Type an integer or a decimal) c. What is the probability that a person's total charges are 5500 to $4999? (Type an integer or a decimal ) Enter your answer in each of the answer boxes :43 PM 12/9/2017 OType here to search

Explanation / Answer

a) P($1000 or more) = 0.14 + 0.05 + 0.07 + 0.09 + 0.01 = 0.36

b) P(Less than $1000) = 1 - P($1000 or more) = 1 - 0.36 = 0.64

c) P(Between $500 to $4999) = 0.15 + 0.14 + 0.05 + 0.07 = 0.41

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