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According to a Gallup poll, 60% of American adults prefer saving overspending. Let X = the number of American adults out of a random sample
- According to a Gallup poll, 60% of American adults prefer saving overspending. LetX= the number of American adults out of a random sample of 50 who prefer saving to spending.
- State in the terms of X ~ B (n, p) X~B (50,0.6) x=binomial distribution
Use Exceland show your formula to find the following probabilities:
- the probability that 25 adults in the sample prefer saving over spending P(x=25) =0.0405
- the probability that at most 20 adults prefer saving
P(x<20) 0.0034
just need to see in excel please
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