Question
For each of the following uncertain quantities, discuss whether it is reasonable to assume that the probability distribution of the quantity is binomial. If you
For each of the following uncertain quantities, discuss whether it is reasonable to assume that the probability distribution of the quantity is binomial. If you think it is, what are the parameters n and p? If you think it isn't, explain your reasoning.
(a)The number out of 1000 randomly selected customers in a supermarket who have a bill of at least $150.
(b)The number of trading days in a typical year where Microsoft's stock price increases.
(c)The number of spades you get in a 13-card hand from a well-shuffled 52-card deck.
(d)The number of pages in a five hundred page book with at least one misprint on the page.
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