According to the U.S. Census Bureau, 20% of the workers in Atlanta use public transportation. If 25
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According to the U.S. Census Bureau, 20% of the workers in Atlanta use public transportation. If 25 Atlanta workers are randomly selected, what is the expected number to use public transportation? Graph the binomial distribution for this sample. What are the mean and the standard deviation for this distribution? What is the probability that more than 12 of the selected workers use public transportation? Explain conceptually and from the graph why you would get this probability. Suppose you randomly sample 25 Atlanta workers and actually get 14 who use public transportation. Is this result likely? By what means may you explain this outcome?
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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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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