A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 5 years ago

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?

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...


  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.