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When you sign your credit card subscription contract, do you read it carefully? For me, the answer is no. During an investigation, the following question
When you sign your credit card subscription contract, do you read it carefully? For me, the answer is no. During an investigation, the following question was asked: "How carefully do you read a (credit card) subscription contract? The results showed that 44% read each word of the contract, 33% read it carefully enough to understand it, 11% just took a look at it and 4% did not read it at all. (Note - this is the normal approximation of binomial probabilities. That is, the base variable is distributed according to the binomial law. See section 6.3.) A) in a sample of 500 people, how many people on average would say that they read each word of the contract? B) in a sample of 500 people, what is the probability that at most 200 people will say they read each word of the contract? C) in a sample of 500 people, what is the probability that no more than 200 people say they do not read the contract
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