Question
An American society of investor's survey found 30% of individual investors have used a discount broker. In a random sample of 10 individual ( 6
An American society of investor's survey found 30% of individual investors have used a discount broker. In a random sample of 10 individual ( 6 Marks)
( n =10 = 0.30 )
A. What is the probability non of them have used a discount broker
B. What is the probability that exactly one of them used a discount broker?
c. What is the probability that at most 2 of them used a discount broker ?
d. What is the probability that more than 2 used a discount broker?
e. What is the probability that at least 8 of them used a discount broker?
f. Determine the mean and standard deviation of the distribution
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