SOLUTION: Five out of 50 people called to give money to a charity actually agrees to give money. Based on this percentage, what is the probability that out of the next 25 people called:
a.
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Question 822339: Five out of 50 people called to give money to a charity actually agrees to give money. Based on this percentage, what is the probability that out of the next 25 people called:
a. At least two agree to give money?
b. At most 5 agree to give money?
c. More than 3 agree to give money?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Five out of 50 people called to give money to a charity actually agrees to give money. Based on this percentage,
Binomial Problem with n = 25 ; p(gave) = 1/10
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what is the probability that out of the next 25 people called:
---------------------
a. At least two agree to give money?
Ans:: 1 - binomcdf(25,0.1,1) = 0.7288
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b. At most 5 agree to give money?
Ans: binomcdf(25,0.1,5) = 0.9666
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c. More than 3 agree to give money?
Ans: 1 - binomcdf(25,0.1,3) = 0.7636
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Cheers,
Stan H.
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