Final answer:
The probability that a randomly selected customer is both a student and orders decaf coffee is calculated by multiplying the probability of a customer being a student by the probability that a student orders decaf. The result is 1.5%.
Step-by-step explanation:
We're given that 10% of customers order decaf coffee, 30% are students, and among the students, 5% order decaf coffee. To find the probability that a randomly selected customer is both a student and orders decaf, we need to use the concept of joint probability. Joint probability is found by multiplying the probability of one event by the conditional probability of the second event, given the first event.
The probability of a randomly selected customer being a student is 0.30. The probability that a student orders decaf, given they are a student, is 0.05. We multiply these probabilities to get the joint probability:
P(Student and Decaf) = P(Student) x P(Decaf | Student) = 0.30 x 0.05 = 0.015
The probability that a randomly selected customer is a student and orders decaf coffee is therefore 0.015, or 1.5%, when rounded to three decimal places.