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

question 13

Multiple Choice

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 at least 10 pay in cash?

• A)0.024
• B)0.033
• C)0.009
• D)0.976

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Definitions:

Foreign Direct Investment

Funds deployed by an individual or company from one nation into the business ventures of another country, through the initiation of business activities or the acquisition of business properties.

Subsidiaries

Companies that are owned or controlled by another larger parent company, often operating independently but reporting to the parent corporation.

Immigration

The action of coming to live permanently in a foreign country.

Wage Increases

The act of raising the amount of money that employees are paid for their labor, typically as a result of negotiations or economic conditions.