Eighty percent of households say they would feel secure if they had 50,000 in savings. You randomly select 8 households and ask them if they would feel secure if they had $50,000 in savings. Find the probability that the number that say they would feel secure is exactly five, (b) more than five, and (c) at most five
c.) Find the probability that the number that say they would feel secure is at most five.
(round to three decimal places as needed).
Your friend is attempting 10 free throws, and from experience, you know that your friend’s probability of scoring a free throw is 0.7. What is the probability that your friend would score 8 free throws ?
Assume that a procedure yields a binomial distribution with a trial repeated
(Report answers accurate to 4 decimal places.)
Assume that X is an dimensional binomial random variable. Estimate the likelihood that . When using the Binomial distribution technique, compare this outcome. What judgment do you make?