Studies have found that women diagnosed with cancer in one breast also sometimes have cancer in the
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a. Use p = 30/969 = 0.031 as an estimate of the probability that a woman diagnosed with cancer in one breast has an undetected tumor in the other breast. Consider a random sample of 500 women diagnosed with cancer in one breast. Explain why it is reasonable to think that the random variable x = number in the sample who have an undetected tumor in the other breast has a binomial distribution with n = 500 and p = 0.031.
b. Is it reasonable to use the normal distribution to approximate probabilities for the random variable x defined in Part (a)? Explain why or why not.
c. Approximate the following probabilities: i. P(x , 10) ii. P(10 # x # 25) iii. P(x . 20)
d. For each of the probabilities computed in Part (c), write a sentence interpreting the probability.
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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