Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Sixty percent of households say they would feel secure if they had? $50,000 in savings. You randomly select 8households and ask them if they would feel secure if they had? $50,000 in savings. Find the probability that the number that say they would feel secure is? (a) exactly?five, (b) more than? five, and? (c) at most five

?(a) Find the probability that the number that say they would feel secure is exactly five.

P(5) = ___

?(b) Find the probability that the number that say they would feel secure is more than five.

P(x>5) = ___

?(c) Find the probability that the number that say they would feel secure is at most five.

P(x<5)= ___

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M93112450
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Business Economics

Provide examples of an example of an inelastic good and an

Provide examples of an example of an inelastic good and an elastic one for your household?

True or false with explanation a system that allocates

True or false with explanation A system that allocates health "efficiently" implicitly places more value on the healthcare services delivered to wealthier persons than to poorer ones. The AFP for a health plan covering 7 ...

Billy ray works for big city planning where he is covered

Billy Ray works for Big City Planning where he is covered by the employer's qualified profit sharing retirement plan. Billy earns $70,000 a year and is single. How much can Billy contribute to a traditional IRA? What is ...

Suppose in equilibrium and in a closed economy at the point

Suppose, in equilibrium and in a closed economy, at the point of tangency between the iso-value line and the ppf, we observe that MPLf= 8 MPLm= 2 and PM=1 what is Pf? what is the wage?

A particular normally distributed population has a mean of

A particular normally distributed population has a mean of 40 and a standard deviation of 6. For each sample below, use a z test and indicate if it shows a significant result (α = .05, onetailed): (a) sample of N = 10 wi ...

A representative from your company visited a prison and

A representative from your company visited a prison and sampled 500 prisoners in Kailil, concluding that 90 of them are political prisoners. The Test hypothesis, at the 5% significance level, that one third of the prison ...

We have bottles of milk that have a mean of 20 oz and

We have bottles of milk that have a mean of 20 oz and standard deviation of 0.02. What is the probability that a bottle would have a mean of more than 20.3 oz?

This weekend martha has time to read 40pages of economics

This weekend, Martha has time to read 40pages of economics and 30pages of sociology. Alternatively, she could read 10pages of economics and 90pages of sociology. Which of these equations describes all combinations of pag ...

If 1000 police officers are chosen at random and 720 have

If 1,000 police officers are chosen at random and 720 have graduated from a police academy. What interval can we be 95% sure contains the overall proportion of police officers who have graduated from a police academy?

Suppose the demand schedule in a market can be represented

Suppose the demand schedule in a market can be represented by the equation QD = 500 -10P, where QD is the quantity demanded and P is the price. . Also, suppose the supply schedule can be represented by the equation QS = ...

  • 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