Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

describe Probability using Binomial distribution.

Nine percent of undergraduate students transmit credit card balances greater than $7000. Supposing 10 undergraduate students are selected randomly to be interviewed about credit card usage

1) Is the selection of 10 students a binomial experiment? describe

2) describe the probability that 2 of the students will have a credit card balance greater than $7000?

3) describe the probability that none will have a credit card balance greater than $7000

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920299

Have any Question? 


Related Questions in Statistics and Probability

Consider rolling a fair 6-faced die twice let a be the

Consider rolling a fair 6-faced die twice. Let A be the event that the sum of the two rolls is at most 6, and B be the event that the first one is an even number. (a) What is the probability that the sum of the two rolls ...

Data were collected from three populations using a

Data were collected from three populations using a completely randomized design. The following describes the sample data: n1 = n2 = n3 =6 R1 = 55 R2 = 64 R3 = 78 Conducting a test of hypothesis to verify whether there is ...

1 how does the sample size influence the extent to which

1. How does the sample size influence the extent to which the sample data can be used to accurately estimate population parameters? 2. What statistics are used to indicate how accurately the sample data can predict popul ...

A population of lawnmowers life expectancy is described

A population of lawnmowers' life expectancy is described with a Weibull distribution, where α=1 and β=15. Determine 1× (once) and 2× (twice) the expected mean lifes for the population, as well as their corresponding cumu ...

Analysis and applicable theoriesfor your analysis select

Analysis and Applicable Theories For your analysis, select two applicable theories content theories and two process theories from the list provided in this course. Please note the theories should be post-Frederick Winslo ...

The manager of the cheesecake factory in boston reports

The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 120, 130, 100, 205, 185, and 220. She believes that the number of customers served on wee ...

Assignmentfirst problem a test consists of 10 truefalse

Assignment First problem: A test consists of 10 true/false questions. To pass the test a student must answer at least 6 questions correctly. If a student guesses on each question, what is the probability that the student ...

In a normal distribution what percentage of scores fall

In a normal distribution, what percentage of scores fall between -1 and +1 standard deviations from the mean? Between the mean and -2 standard deviations ? Between the mean and +3 standard deviations?

To test the model you will make 5 trades using 5 different

To test the model, you will make 5 trades using 5 different sets of data. You may define the parameters of the put call parity or use the following assumption for the parameters: Interest rate is 5%Transaction costs for ...

In a random sample of 10 reduced fat chocolate chip cookies

In a random sample of 10 reduced fat chocolate chip cookies, the sample mean for the number of chocolate chips was 17.6.  Regular chocolate chip cookies have a mean number of 20 chocolate chips.  The population standard ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen