In a shop customers who pay with cash have the final price rounded to the closest five cents(in other words purchase is payed in five cent accuracy). Lets assume that the "loss" caused by a customer paying in cash after rounding the final price in cents (=X) is continuously uniformly distributed u[-2.5,2.5]. In the shop 1000 of the visiting customers pay in cash. What is the probability that the loss caused by the rounding of the final price (in other words X1 + X2 +...+X1000) is at least $1?

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get our expert's

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this and thousands of other questions.

A community for students.

In a shop customers who pay with cash have the final price rounded to the closest five cents(in other words purchase is payed in five cent accuracy). Lets assume that the "loss" caused by a customer paying in cash after rounding the final price in cents (=X) is continuously uniformly distributed u[-2.5,2.5]. In the shop 1000 of the visiting customers pay in cash. What is the probability that the loss caused by the rounding of the final price (in other words X1 + X2 +...+X1000) is at least $1?

Mathematics
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this and thousands of other questions

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

Not the answer you are looking for?

Search for more explanations.

Ask your own question