Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An organization is looking for volunteers to participate in a research project. It is planned to select random people and ask if they want to

An organization is looking for volunteers to participate in a research project. It is planned to select random people and ask if they want to participate in the research. The probability that a person agrees to participate is 1%. Suppose that the organization needs 20 participants.

(a) If 200 random people are selected, what is the probability that exactly 20 of them will agree to participate in the project?

(b) What is the probability that at least 20 people among those 200 will agree to participate?

(c) Find the minimum number of random people that need to be selected in order to find 20

participants with probability at least 90%.

Use Excel to solve this problem (you will need the function BINOM.DIST).

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_2

Step: 3

blur-text-image_3

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Mathematics questions

Question

Summarize some human resource management training initiatives.

Answered: 1 week ago

Question

Summarize the training and development process.

Answered: 1 week ago

Question

Explain the concept of careers and career paths.

Answered: 1 week ago