Asked by Kayla Valdes on Jun 28, 2024
Verified
Many stores run "secret sales": Shoppers receive cards that determine how large a discount they get,but the percentage is revealed by scratching off that black stuff only after the purchase has been totaled at the cash register.The store is required to reveal (in the fine print) the distribution of discounts available.Determine whether the following probability assignment is legitimate. Probability of ... 10% off 20% off 30% off 50% off 0.350.75−0.350.25\begin{array} { l | l | l | l } 10 \% \text { off } & 20 \% \text { off } & 30 \% \text { off } & 50 \% \text { off } \\\hline 0.35 & 0.75 & - 0.35 & 0.25\end{array}10% off 0.3520% off 0.7530% off −0.3550% off 0.25
A) Legitimate
B) Not legitimate
Secret Sales
Sales events or promotions that are not publicly advertised, often offered exclusively to certain customers or members.
Probability Assignment
The process of assigning a likelihood to a set of outcomes in an experiment or event.
Legitimate
Something lawful, genuine, or recognized as correct or proper by relevant standards or authorities.
- Review the relevance of probability distributions in real-life scenarios.
Verified Answer
Learning Objectives
- Review the relevance of probability distributions in real-life scenarios.
Related questions
The Plastic Arrow on a Spinner for a Child's Game \[\begin{array} ...
Many Stores Run Secret Sales: Shoppers Receive Cards That Determine ...
Thirty-Six Percent of the Students in a Management Class Are ...
A Recent Nationwide Survey by the American Cancer Society Found ...
{College Professorship Narrative} If She Receives an Offer from College ...