David's Gasoline Station Offers 4 Cents Off Per Litre If

question 29

Multiple Choice

David's gasoline station offers 4 cents off per litre 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 twenty-five customers buy gasoline at this station.
What is the probability that no more than twenty pay in cash?

• A) 0.0
• B) 0.1
• C) 0.9
• D) 1.0
• E) None of the choices are correct

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Definitions:

Development

The process of economic, social, and urban growth and improvement.

Adjuster

A professional who assesses the damage or loss for an insurance claim to determine the insurer's liability.

Role

The function or position that an individual has in a specific context or system.

Insurable Interest

The requirement in insurance policies that the holder must have a stake in the insured item or person that would result in financial loss if harmed.