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25 June, 17:17

A business journal reports that the probability that Internet users in the United States will use a mobile payment app is 0.60. The journal claims this indicates that out of 5 randomly selected Internet users, 3 will use the mobile payment app. Is this business journal interpreting the probability correctly?

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  1. 25 June, 18:28
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    Yes, the business journal is interpreting the probability correctly, because 3 out of 5 randomly selected Internet users that will use the mobile payment application, means that, 3/5, or 0.6 of probability. That is exactly the probability reported by the business journal.

    Explanation:

    Probability that Internet users in the United States will use a mobile payment app is 0.60.
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