1. Math
  2. Statistics And Probability
  3. forty percent of households say they would feel secure if...

Question: forty percent of households say they would feel secure if...

Question details

Forty percent 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 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)- (Round to three decimal places as needed.) (b) Find the probability that the number that say they would feel secure is more than five. P(x> 5) (Round to three decimal places as needed.) (c) Find the probability that the number that say they would feel secure is at most five. Round to three decimal places as needed.)
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution