As an Incentive to Get New Customers, the Local Branch

question 30

Essay

As an incentive to get new customers, the local branch of a bank launched "bouncing for bucks." During this week-long event, any customer opening a new chequing account with the bank would have the opportunity to throw a bouncy rubber ball into a large box divided into squares. Each square was labeled with a dollar amount that would be deposited into his/her new chequing account. The way the box was labeled is shown below.
a. What is the probability that a customer gets $20 or more?
b. What is the probability that a customer gets less than $20?
c. What is the probability that a customer gets $20 or $30?
d. What is the probability that two customers in a row get $50?

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Definitions:

Genetically Determined

Traits or characteristics that are inherited from one's parents and determined by genetic information.

Social Change

Refers to significant alterations over time in behavior patterns and cultural values and norms.

Postmodernism

A broad movement that developed in the mid- to late-20th century across philosophy, the arts, architecture, and criticism, marked by a skepticism towards meta-narratives and ideologies.

Economic Basis

The underlying foundation or the main driving factor of an economy, typically referring to the way in which production, distribution, and exchange of goods and services are organized.