Credt Card Charges The percent distribution of a person\'s accumulating specific

Question

Credt Card Charges The percent distribution of a person's accumulating specific amounts of credit card charges over a 12-month period is shown in the pie chart. Find each probability Under100-32 $100$499 17% $500-$999 $1000-$1999 13 $2000-$2999 $3000-$4999 $10.000 or more 1 a. What is the probablity 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 $2000? (Type an integer or a decimal,) c. What is the probability that a person's total charges are $500 to $99997 (Type an integer or a decimal.)

Explanation / Answer

Ans:

a)P(1000 or more)=1-0.32-0.17-0.18

=1-0.67=0.33

b)P(<2000)=0.32+0.17+0.18+0.13

   =0.8

c)P(500-9999)=0.18+0.13+0.05+0.05+0.09

=0.5

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