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Last week Cam's Ice Cream Shop sold nn chocolate chip ice cream cones out of a total of NN ice cream cones. Based on this data, what is a reasonable estimate of the probability that the next ice cream cone sold is a chocolate chip ice cream cone?

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Q. Last week Cam's Ice Cream Shop sold nn chocolate chip ice cream cones out of a total of NN ice cream cones. Based on this data, what is a reasonable estimate of the probability that the next ice cream cone sold is a chocolate chip ice cream cone?
  1. Identify Data: Step 11: Identify the total number of ice cream cones sold and the number of chocolate chip cones sold. Let's say Cam's Ice Cream Shop sold 120120 chocolate chip cones out of a total of 500500 cones last week.
  2. Calculate Probability: Step 22: Calculate the probability. Probability is calculated by dividing the number of favorable outcomes by the total number of outcomes.\newlineCalculation: Probability = Number of chocolate chip cones soldTotal number of cones sold=120500\frac{\text{Number of chocolate chip cones sold}}{\text{Total number of cones sold}} = \frac{120}{500}
  3. Simplify Fraction: Step 33: Simplify the fraction to get the probability.\newlineCalculation: 120/500=0.24120 / 500 = 0.24

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