Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to a Gallup poll, 60% of American adults prefer saving overspending. Let X = the number of American adults out of a random sample

  1. 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.
  2. 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:

  1. the probability that 25 adults in the sample prefer saving over spending P(x=25) =0.0405
  2. the probability that at most 20 adults prefer saving

P(x<20) 0.0034

just need to see in excel please

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Prealgebra & Algebra (subscription)

Authors: Elayn Martin Gay

5th Edition

0134708601, 9780134708607

More Books

Students also viewed these Mathematics questions

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago