Hi,
1- 3 Bionimal Distribution Problems
Note: The probability of x successes in n trials is:
P = nCx*where p and q are the probabilities of success and failure respectively.
In this case p = .20(uninsured & q = .80(insured)
nCx =
1. P(x= 2) = 8C2 (.20)^2(.80)^6 = .2936
2. P(x=6) = 8C6(.20)^6(.80)^2 = .0011
3. P(x<1) = P(x=0) + P(x=1) = .1678 + .3355 = .5033
Using Normal distribution for #4 with SD = 1, therefore z = 1.3 and P(>3) = 1 - P(z=1.3) find 1 - NORMSDIST(1.3)
Using Poison Distribution for #5, Use stattrek.com Poison Distribution Calculator (WED and WED <3) =
Using Normal distribution for #4 with mean of 19.2 and standard deviation of 2.5
P(x>24) = 1 - P(z = (24-19.2)/2.5) find 1 - NORMSDIST(1.92)