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Generation Y has been defined as those individuals who were born between 1981 and 1991. A 2010 survey by a credit counseling foundation found that
Generation Y has been defined as those individuals who were born between 1981 and 1991. A 2010 survey by a credit counseling foundation found that 54% of the young adults in Generation Y pay their monthly bills ontime) Suppose we take a random sample of 190 people from Generation Y. Complete parts a through e below.
e. What is the probability that between 96 and 112 of them will pay their monthly bills ontime?
P(Between 96 and 112 of them will pay their monthly bills on time)=
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