On average, 40 percent of U.S. beer drinkers order light beer. (a) What is the probability that

Question:

On average, 40 percent of U.S. beer drinkers order light beer.
(a) What is the probability that none of the next eight customers who order beer will order light beer?
(b) That one customer will?
(c) Two customers?
(d) Fewer than three?
(e) Construct the probability (Excel or Appendix A), make a graph of its PDF, and describe its shape. 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...