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

question 92

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

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Definitions:

Unit Costs

The expenses a company incurs in manufacturing, storing, and selling a single unit of a specific product or service.

Microprocessor

An integrated circuit that contains the functions of a computer's central processing unit (CPU) on a single microchip, enabling digital computing and controlling electronic devices.

Automobile

A wheeled motor vehicle used for transportation, typically carrying a small number of people and running on roads.

Market Share

The percentage of total sales volume in a market captured by a brand or company, serving as an indicator of competitiveness and market presence.