Anna owns a small business selling used books. She knows that in the last week 29 customers paid cash, 26 customers used a debit card, and 62 customers used a credit card.Based on these results, express the probability that the next customer will pay with cash as a percent to the nearest whole number.
Question
Anna owns a small business selling used books. She knows that in the last week 29 customers paid cash, 26 customers used a debit card, and 62 customers used a credit card.Based on these results, express the probability that the next customer will pay with cash as a percent to the nearest whole number.
Solution
To find the probability that the next customer will pay with cash, we first need to find the total number of customers.
Step 1: Add up the number of customers who paid with each method. 29 (cash) + 26 (debit) + 62 (credit) = 117 total customers
Step 2: To find the probability that the next customer will pay with cash, divide the number of customers who paid with cash by the total number of customers. 29 (cash) / 117 (total customers) = 0.2478
Step 3: To express this probability as a percentage, multiply by 100. 0.2478 * 100 = 24.78%
Step 4: Round to the nearest whole number. The probability that the next customer will pay with cash is approximately 25%.
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