Question

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. Complete parts (a) through (c) below. (a) Company A has 2852 employees. What is the probability that Company A will get the discount? (Round to four decimal places as needed.) (b) Company B has 530 employees. What is the probability that Company B will get the discount? (Round to four decimal places as needed.) (c) Company C has 1024 employees. What is the probability that Company C will get the discount? (Round to four decimal places as needed.)

Name: 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 17075
Uploaded: 2022-02-23T11:56:10-08:00
Duration: 6 min 30 s
Channel: Kanak I
Description: 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 17075

          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. Complete parts (a) through (c) below. 
(a) Company A has 2852 employees. What is the probability that
Company A will get the discount? (Round to four decimal places
as needed.) 
(b) Company B has 530 employees. What is the probability
that Company B will get the discount? (Round to four decimal
places as needed.)
(c) Company C has 1024 employees. What is the probability
that Company C will get the discount? (Round to four decimal
places as needed.)

Added by Krystal M.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Kanak I

02/23/2022

Step 1

We do this by multiplying the total number of employees by the percentage of workers who earn the minimum wage or less (5%). (a) For Company A, this would be 2852 * 0.05 = 142.6. Since we can't have a fraction of a person, we'll round this to 143. Since this Show more…

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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. Complete parts (a) through (c) below. (a) Company A has 2852 employees. What is the probability that Company A will get the discount? (Round to four decimal places as needed.) (b) Company B has 530 employees. What is the probability that Company B will get the discount? (Round to four decimal places as needed.) (c) Company C has 1024 employees. What is the probability that Company C will get the discount? (Round to four decimal places as needed.)