Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 11, 2024

Hello, this is a problem I am continually having trouble with. Every day there is a 65% chance Ted will run. What is the probability

Hello, this is a problem I am continually having trouble with.

"Every day there is a 65% chance Ted will run. What is the probability he will run at least 10 times over the next 20 days? (round to the nearest thousandth)"

I continue to find a probability of .964 using the Binomial Distribution Tables. The 'Correct Answer' is .947. Please help me understand, thank you.

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

Recommended Textbook for

Calculus Early Transcendentals

Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin

9th Edition

1337613924, 978-1337613927

More Books

Students also viewed these Mathematics questions

Question

★★★★★

How did get-tough sentencing policies lead to the overcrowding that we see in our prisons today?

Answered: 1 week ago

Question

★★★★★

During Heaton Companys first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $62 per unit) $ 1,240,000 $ 1,860,000 Cost of goods sold...

Answered: 1 week ago

Question

★★★★★

17. Assuming that demand is normally distributed, with a mean of 100 units during the lead time and a standard deviation during the lead time of 50 units, and a lead time of 2 periods, what reorder...

Answered: 1 week ago

Question

★★★★★

Computer Associates International, Inc., the worlds leading business software company, delivers the end-to-end infrastructure to enable e-business through innovative technology, services, and...

Answered: 1 week ago

Question

★★★★★

Hello, this is a problem I am continually having trouble with. "Every day there is a 65% chance Ted will run. What is the probability he will run at least 10 times over the next 20 days? (round to...

Answered: 1 week ago

Question

★★★★★

What type of communication works best in team environments: downward communication, upward communication, or lateral communication When should each of these types of communication be used to create...

Answered: 1 week ago

Question

★★★★★

W.V. Trees has a debt-equity ratio of .64, a WACC of 10.8 percent, a pretax cost of debt of 7.9 percent, and a tax rate of 24 percent. What is the unlevered cost of equity capital? A) 13.45 percent...

Answered: 1 week ago

Question

★★★★★

Based on your analysis of policies, planning, and available training; your experience with the Home Visit interactive video; and a discussion with your supervisor, develop a general safety plan that...

Answered: 1 week ago

Question

★★★★★

The trial balance of Sunland Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Sunland Fashion Center Trial Balance November 30, 2025 Debit Credit...

Answered: 1 week ago

Question

★★★★★

Spencer Company produced 200,000 cases of sports drinks during the past calendar year. Each case of 1-liter bottles sells for $36. Spencer had 2,500 cases of sports drinks in finished goods inventory...

Answered: 1 week ago

Question

★★★★★

Exercise 2-11 (Static) Understanding financial statement relationships LO 2-2, 2-3 The information presented here represents selected data from the December 31, 2022, balance sheets and income...

Answered: 1 week ago

Previous Question Next Question