Question
According to a 2018 survey by Bankrate.com, 20% of adults in the United States save nothing for retirement (CNBC website). Suppose that 15 adults in
According to a 2018 survey by Bankrate.com, 20% of adults in the United States save nothing for retirement (CNBC website).
Suppose that 15 adults in the United States are selected randomly.(a)Is the selection of the 15 adults a binomial experiment? Explain.
The selection is a binomial experiment because the adults are selected randomly. ,p does not change from trial to trial, the trials are independent , and there are ________ outcomes possible.
(b)What is the probability that all of the selected adults save nothing for retirement? (Round your answer to four decimal places.)
(c)What is the probability that exactlysixof the selected adults save nothing for retirement? (Round your answer to four decimal places.)
https://www.webassign.net/aswsbe13/appendix-b.pdf
https://www.webassign.net/tparise/beta/stats/distributionIndex.html
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started