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A Study of Scottish voters was taken in May 2016. Assume that the probability of someone resident in Scotland voting for Brexit is 0.4.
A Study of Scottish voters was taken in May 2016. Assume that the probability of someone resident in Scotland voting for Brexit is 0.4. (a) Discuss why this is Bernoulli random variable. (b) Find the probability that 3 out of 5 residents are planning to vote for Brexit. Discuss why this can be solved by using Binomial distribution. What is the probability that in a sample of 5, 4 or more people are planning to vote for Brexit? (c) What is the expected value and variance in this example?
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a This is a Bernoulli random variable because the outcome of interest voting for Brexit is binar...
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
