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A survey reported that 34% of people plan to spend more on eating out after they retire. If eight people are randomlyselected, determine the values
A survey reported that 34% of people plan to spend more on eating out after they retire. If eight people are randomlyselected, determine the values below.
a.
The expected number of people who plan to spend more on eating out after they retire
b.
The standard deviation of the individuals who plan to spend more on eating out after they retire
c.
The probability that two or fewer in the sample indicate that they actually plan to spend more on eating out after retirement
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