The proportion of transactions at the local gas station that are transacted in cash is 13.4% If you randomly select 27 transactions: (for questions
The proportion of transactions at the local gas station that are transacted in cash is 13.4% If you randomly select 27 transactions: (for questions B thru E round final answer to 5 decimal places) | A. B. C. D. E. What is the expected value of this distribution - in other words out of the 27 transactions, how many will be for cash (no rounding)? What is the probability exactly 3 of those transactions are in cash? What is the probability more than 2 of those transactions are in cash? What is the probability at most 3 of those transactions are in cash? What is the probability the first transaction for cash happens on the 5th transaction?
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