(Solved): Question 3. During its grand opening week, York Bank offers a "free online stock transactions" Afte ...

Question 3. During its grand opening week, York Bank offers a "free online stock transactions" After clients open an online stock transaction account, they spin the wheel to determine the number of free online stock transactions they will receive. The wheel is divided into 12 slices. Six slices are awarded 10 free online stock transactions each year, three slices are awarded a 20 free online stock transactions each year, and two slices are awarded 40 free online stock transactions each year. The remaining slice is awarded 100 free online transactions each year. a. What is the probability that a client gets at least 40 free online stock transactions in a year? 0.2500 b. What is the probability that three clients in a row each gets less than 40 free online stock transactions in a year? 0.4219