Deion owns a small business selling clothing. He knows that in the last week 45 customers paid cash, 6 customers used a debit card, and 37 customers used a credit card.
Based on these results, express the probability that the next customer will pay with cash as a decimal to the nearest hundredth.
To find the probability of the next customer paying with cash, we need to calculate the proportion of customers who paid with cash out of the total number of customers.
Total number of customers = 45 (cash) + 6 (debit) + 37 (credit) = 88
Probability of paying with cash = 45 / 88 ≈ 0.51
Therefore, the probability that the next customer will pay with cash as a decimal to the nearest hundredth is 0.51.