David's gasoline station offers 4 cents off per gallon if the customer pays in cash and does not use a credit card. Past evidence indicates that 28 percent of all customers pay in cash. During a one-hour period, 15 customers buy gasoline at this station. What is the probability that at least 10 pay in cash?
Added by Courtney G.
Step 1
Each customer pays cash with probability p = 0.28, and there are n = 15 independent customers. Let X be the number paying cash: X ~ Binomial(n=15, p=0.28). Show more…
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David's gasoline station offers 4 cents off per gallon if the customer pays in cash and does not use a credit card. Past evidence indicates that 40% of all customers pay in cash. During a one-hour period, 15 customers buy gasoline at this station. What is the probability that more than 8 and less than 12 customers pay in cash?
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