Seventy-seven percent of U.S. college students pay their bills on time. You randomly select five U.S. college

Question:

Seventy-seven percent of U.S. college students pay their bills on time. You randomly select five U.S. college students and ask them whether they pay their bills on time. The random variable represents the number of U.S. college students who pay their bills on time.

(a) Construct a probability distribution.

(b) Graph the probability distribution using a histogram 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...

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