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Please show all work, I want to understand how to attack and complete the problem. QMB3200 - Exam#1 A Poll showed that 25% of Americans
Please show all work, I want to understand how to attack and complete the problem.
QMB3200 - Exam#1
- A Poll showed that 25% of Americans are satisfied with the way things are going in the United States. Suppose a sample of 15 Americans is selected as part of a study of the state of the nation.
- a) Compute the probability that exactly 5 of the 15 Americans surveyed are satisfied with the way things are going in the United States.
- b) Compute the probability that at least 3 of the Americans surveyed are satisfied with the way things are going in the United States.
- c) Compute the probability that no more than 4 of the Americans surveyed are satisfied with the way things are going in the United States.
- d) Compute the probability that more than 2 but less than 6 of the Americans surveyed are satisfied with the way things are going in the United States.
- e) Compute the expected value, variance, and standard deviation of the number of Americans who are satisfied with the way things are going in the United States.
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