Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Forty-three percent of adults say they get their financial advice from family members. You randomly select 14 adults and ask them if they get their financial advice from family members. Find the probability that the number who say they get their financial advice from family members is exactly five.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9957840
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Shekhar plans to invest 1820 in a mutual fund at the end of

Shekhar plans to invest $1,820 in a mutual fund at the end of each of the next six years. If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity paymen ...

A certain process is known to produce non-conforming items

A certain process is known to produce non-conforming items 20% of the time. A char- acteristic of the units produced by this process are currently being monitored for quality. Samples of size 15 are selected, and each it ...

A homeless shelter program wants to know if receipt of job

A homeless shelter program wants to know if receipt of job training program (yes, no) is related to program satisfaction (measured on a multi-item, Likert scale ). What type of statistical test should be used?

A researcher randomly assigned 160 subjects into one of two

A researcher randomly assigned 160 subjects into one of two groups: Atkins diet or Weight Watchers. The response variable was weight change in pounds after 6 weeks. The t-test results showed a p-value=.049. What can be c ...

In 2015 caterpillar inc had about 653 million shares

In 2015, Caterpillar Inc. had about 653 million shares outstanding. Their book value was $32.3 per share, and the market price was $74.00 per share. The company's balance sheet shows that the company had $20.20 billion o ...

Kevin knows that the beta of his portfolio is equal to 1

Kevin knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 8.25 percent. What is the ex ...

The average height of young adult males has a normal

The average height of young adult males has a normal distribution with standard deviation of 2.5 inches. You want to estimate the mean height of students at your college or university to within 0.6 inch with 93% confiden ...

While preparing for their comeback tour the flaming rogers

While preparing for their comeback tour, the flaming Roger's find that the average time it takes their sound tech to set up for a show is 61 minutes, with a standard deviation of 4.1 minutes. If the band manager decides ...

A researcher selects from a participant pool of 8 males and

A researcher selects from a participant pool of 8 males and 11 females. He determines that the probability of selecting 2 female participants is p = .335. Based on this probability, what strategy did the researcher use t ...

An independent-measures study has one sample with n 10 and

An independent-measures study has one sample with n = 10 and a second sample with n = 15 to compare two experimental treatments. What is the df value for the t statistic for this study?

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As