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Bank of America customers select their own three-digit

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen ISBN: 9780077384470 64

Solution for problem 9E Chapter 5

Basic Statistics for Business and Economics | 7th Edition

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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Basic Statistics for Business and Economics | 7th Edition

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Problem 9E

Problem 9E

Bank of America customers select their own three-digit personal identification number (PIN) for use at ATMs.

a. Think of this as an experiment and list four possible outcomes.

b. What is the probability Mr. Jones and Mrs. Smith select the same PIN?

c. Which concept of probability did you use to answer (b)?

Step-by-Step Solution:

Solution:

Step 1 of 2:

The ATM identification number consist of three-digits.

  1. We have to find the 4 possible outcomes for this experiment.
  2. We have to find the probability that Mr. Jones and MRs. Smith select the same PIN.
  3. We have to find the concept that we used to answer the part(b).


Step 2 of 2

Chapter 5, Problem 9E is Solved
Textbook: Basic Statistics for Business and Economics
Edition: 7
Author: Douglas Lind; William Marchal; Samuel Wathen
ISBN: 9780077384470

The answer to “Bank of America customers select their own three-digit personal identification number (PIN) for use at ATMs.a. Think of this as an experiment and list four possible outcomes.________________b. What is the probability Mr. Jones and Mrs. Smith select the same PIN?________________c. Which concept of probability did you use to answer (b)?” is broken down into a number of easy to follow steps, and 50 words. This full solution covers the following key subjects: use, select, Probability, pin, list. This expansive textbook survival guide covers 6 chapters, and 325 solutions. Since the solution to 9E from 5 chapter was answered, more than 1227 students have viewed the full step-by-step answer. Basic Statistics for Business and Economics was written by and is associated to the ISBN: 9780077384470. This textbook survival guide was created for the textbook: Basic Statistics for Business and Economics , edition: 7. The full step-by-step solution to problem: 9E from chapter: 5 was answered by , our top Business solution expert on 08/23/17, 08:36AM.

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Bank of America customers select their own three-digit