A company announces that it will soon release a cheap Smart Watch. It opens a contest...

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A company announces that it will soon release a cheap Smart Watch. It opens a contest to guess the retail price of the watch, with the information that it will be more than $24.95 but no more than $49.95. They decide to give a free watch to anyone who guesses close enough, which is in the range $30.00 < Price s $31.00. Their experience is that any price at all is equally likely to be guessed. They receive 52 entries, which seem to be from different customers. What is the probability that exactly 3 customers will win a watch? .0577 .120 O .191 .235 .377 Use an appropriate approximate method to find the probability that no more than 3 customers will win a watch. .842 .809 .766 .639 .578 A company announces that it will soon release a cheap Smart Watch. It opens a contest to guess the retail price of the watch, with the information that it will be more than $24.95 but no more than $49.95. They decide to give a free watch to anyone who guesses close enough, which is in the range $30.00 < Price s $31.00. Their experience is that any price at all is equally likely to be guessed. They receive 52 entries, which seem to be from different customers. What is the probability that exactly 3 customers will win a watch? .0577 .120 O .191 .235 .377 Use an appropriate approximate method to find the probability that no more than 3 customers will win a watch. .842 .809 .766 .639 .578

Answer rating: 100% (QA)

C EXPLANATIONS The probability that exactly 3 customers will win a watch is g... View the full answer