It has been estimated that about 30% of families with an annual income of $100,000 or more

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It has been estimated that about 30% of families with an annual income of $100,000 or more own savings bonds. What is the probability that exactly three of a randomly selected group of five such families own savings bonds?

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Introduction To Business Statistics

ISBN: 9780324381436

6th Edition

Authors: Ronald M. Weiers

Question Posted: May 31, 2018 01:25 AM

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It has been estimated that about 30% of families with an annual income of $100,000 or more

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The probability distribution would be binomial with n 10 and 04 We ...View the full answer

Introduction To Business Statistics

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