The Manager of a Warehouse Club Estimates That 7 Out

question 227

Essay

The manager of a warehouse club estimates that 7 out of 10 customers will donate a dollar
to help a childrenʹs hospital during an annual drive to benefit the hospital. Using the
managerʹs estimate, what is the probability that a randomly selected customer will donate
a dollar?

---

Definitions:

Fixed Fee

A set amount charged for a service or product, unrelated to usage or quantity.

Local Phone Service

A telecommunications service that connects calls within a specific geographic area, typically within a single city or region.

Absolute Values

A numerical value regardless of its sign, denoted as the distance of a number on the number line from zero.

Indifference Curve

A graphical representation showing combinations of two goods between which a consumer is indifferent, indicating equal levels of satisfaction.