A political committee consists of seven Democrats and five Republicans. A subcommittee of six people needs to
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A political committee consists of seven Democrats and five Republicans. A subcommittee of six people needs to be formed from this group. Determine the probability that this subcommittee will consist of the following:
a. Two Democrats and four Republicans if they were randomly selected
b. Four Democrats and two Republicans if they were randomly selected
c. Three Democrats and three Republicans if they were randomly selected
d. Calculate the mean and standard deviation for the distribution which defines selecting a Republican as a success.
e. Verify these results with Excel.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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