Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Thirty-eight percent of employed wives in the United States earn more than their husbands. You randomly select five employed U.S. wives and ask them whether they earn more than their husbands. The random variable represents the number of employed U.S. wives who earn more than their husbands.

a. Construct a binomial distribution.

b. Graph the binomial distribution using a histogram and describe its shape.

c. Identify any values of the random variable x that you would consider unusual,

d. Find the mean and standard deviation. explain your reasoning.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91616980

Have any Question?


Related Questions in Statistics and Probability

The mean time it takes a technician to resolve a software

The mean time it takes a technician to resolve a software Issue is 18 minutes with a standard deviation or 4.2 minutes. This information was obtained from a random sample of 10 monitored calls. A sample of 15 monitor cal ...

Suppose you want to estimate the proportion of traditional

Suppose you want to estimate the proportion of traditional college on your campus who own their own car. Based on some research on other campuses, you believe the proportion will be near 25%. What sample size is needed i ...

Stock valuation gruber corp pays a constant 9 dividend on

Stock Valuation Gruber Corp. pays a constant $9 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 1 ...

The assessment of the allocation of profits and losses is

The assessment of the allocation of profits and losses is one of the three key areas in which process?

The computer systems department has 8 faculty 6 are tenured

The computer systems department has 8 faculty, 6 are tenured. A committee is formed of 3 faculty members. If members are submitted at random: - What is the probability all members of the committee are tenured? - What is ...

1 it appears that new car purchases have peaked in 2018 vs

1) It appears that new car purchases have peaked in 2018 vs. used car purchases. The following probability distribution table shows the random variable x, where x is the number of new cars purchased by household during t ...

Assume that the critic finds that 50 percent of the movies

Assume that the critic finds that 50 percent of the movies have positive comments about the plot, 50 percent have positive comments about the acting, and 30 percent were not given positive comments about either plot or a ...

The rate of inflation in year 1 is expected to be 14 year

The rate of inflation in year 1 is expected to be 1.4%, year two is 1.8%, and years three through five is expected to be 2%. Assume the real risk-free rate, r*, is 3% for all maturities. What should the yield to maturity ...

State whether each of the following will increase decrease

State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...

Would you actually build a contingency chart for this

Would you actually build a contingency chart for this question or is this just probability basics? Bob sets two battery powered alarm clocks to make sure he wakes up in time for his 8 AM accounting test. Each alarm clock ...

  • 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