Solution Found!
A retail establishment accepts either the American Express
Chapter 2, Problem 9P(choose chapter or problem)
Problem 9P
A retail establishment accepts either the American Express or the VISA credit card. A total of 24 percent of its customers carry an American Express card, 61 percent carry a VISA card, and 11 percent carry both cards. What percentage of its customers carry a credit card that the establishment will accept?
Questions & Answers
QUESTION:
Problem 9P
A retail establishment accepts either the American Express or the VISA credit card. A total of 24 percent of its customers carry an American Express card, 61 percent carry a VISA card, and 11 percent carry both cards. What percentage of its customers carry a credit card that the establishment will accept?
ANSWER:
Step 1 of 2
(a)
We are asked to find the percentage of its customers that carry a credit card that the establishment will accept.
Let be the event that a person carries the American Express card.
Let be the event that a person carries the VISA card.