A survey of American Society of Investors found 30 of indivi
A survey of American Society of Investors found 30% of individual investors have used a discount broker.
In a random sample of nine individuals, what is the probability:
a. Exactly two of the sample individuals have used a discount broker? P(x = 2)
Enter answers to 4 decimal places with 0 to the left of the decimal point.
b. None of the 9 individuals have used a discount broker. P(X = 0)
Enter answers to 4 decimal places with 0 to the left of the decimal point.
c. Two or three individuals have used a discount broker. P( 2 <= X <= 3)
Enter answers to 4 decimal places with 0 to the left of the decimal point.
d. What is the mean and standard deviation for this distribution?
Enter each answer to 2 decimal places.
Solution
