45 of households say they would feel secure if they had 5000

45% of households say they would feel secure if they had $50,000 in savings. You randomly select 8 households and ask them if they would feel secure if they had $50,000 in saving. Find the probability that the number that they say would feel secure is (a)exactly five, (b) more than 5, (C) at most 5.

Solution

(a) exactly five
45% of households say they would feel secure if they had $50,000 in savings. You randomly select 8 households and ask them if they would feel secure if they had

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site