The U.S. Census Bureaus 2012 Survey of Business Owners (www.census.gov/newsroom/press-releases/2015/ cb15-209.html) showed that 35.8% of all non-farm

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The U.S. Census Bureau’s 2012 Survey of Business Owners (www.census.gov/newsroom/press-releases/2015/ cb15-209.html) showed that 35.8% of all non-farm businesses are owned by women. You are phoning local businesses and assume that the national percentage is true in your area. You wonder how many calls you will have to make before you find one owned by a woman. What probability model should you use? (Specify the parameters as well.)

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Business Statistics

ISBN: 9780134705217

4th Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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