Question

In: Statistics and Probability

In a certain bank, previous records show that out of all prospective customers walking into the...

In a certain bank, previous records show that out of all prospective customers walking into the bank, 60 % open a checking account, 25% open a savings account and 15% open both accounts. Suppose a prospective customer is picked at random. Find the probability that the customer opens neither of the accounts

Solutions

Expert Solution

p ( customer opens neither of the accounts ) = 1 - ( 0.60 + 0.25 - 0.15 )

                                                                    = 1 - 0.70

                                                                     = 0.30

Answer : 0.30


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