Question
The answers to involving my particular data sheet are as follows: Average = $38470.00 P (success) = 0.4 Q (failure) = 0.6 what is the
The answers to involving my particular data sheet are as follows:
Average = $38470.00
P (success) = 0.4
Q (failure) = 0.6
what is the probability that exactly 4of them will fall below the average?
=BINOM.DIST(4,10,0.4,FALSE)
0.2508 = 25.08%
what is the probability that fewer than 5of them will fall below the average?
=BINOM.DIST(5,10,0.4,TRUE)
0.8338 = 83.38%
what is the probability that more than 6of them will fall below the average?
=1-BINOM.DIST(6,10,0.4,TRUE)
0.0548 = 5.48%
what is the probability that at least 4of them will fall below the average?
=1-BINOM.DIST(3,10,0.4,TRUE)
0.6177 = 61.77%
IS THIS CORRECT?
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