SOLUTION: in the past year, 13% of business have eliminated jobs. if 5 business are selected at random, find the probability that at least 3 have estimated jobs during the last year.

Question 633319: in the past year, 13% of business have eliminated jobs. if 5 business are selected at random, find the probability that at least 3 have estimated jobs during the last year.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
in the past year, 13% of business have eliminated jobs. if 5 business are selected at random, find the probability that at least 3 have estimated jobs during the last year.
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Binomial Problem with n = 5 and p(have eliminated jobs) = 0.13
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P(3<= x <=5) = 1 - P(0<= x <- 2) = 1 - binomcdf(5,0..13,2) = 0.01790
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Cheers,
Stan H.
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