The probability that the next customer will pay with cash is 0.55.
What is the formula for probability?
Probability is the ratio of the number of favorable events divided by the total outcome.
We have, given that, Tanisha owns a small business selling bagels. She knows that in the last week 61 customers paid cash, 5 customers used a debit card, and 45 customers used a credit card.
The total number of payments is,
61+45+5=111.
We have to find the probability that the next customer will pay with cash as a decimal to the nearest hundredth.
The number of the favorable outcome for the customer will pay with cash is 61, and the total number of outcomes is 111.
Therefore, the probability is,
P(A)=61/111
P(A)=0.5495.
Therefore, the probability of the nearest hundredth is 0.55.
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