The checking accounts of USF Credit Union are categorized by

The checking accounts of USF Credit Union are categorized by age of account and balance in account. We are going to select an account at random from this group of 2000 accounts.

Then probability P(>=3 years ) =

2/5

1/10

3/5

none of these

Balance | $0- $499 >=$ 500 Age of Account 700 200 500 600I Less than 3 years I -3 years

Solution

P(>=3 years ) = (200+600)/2000 = 8/20 = 2/5

ans: A