document.write( "Question 1043351: 30 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. \n" ); document.write( "
Algebra.Com's Answer #658521 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! 30 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. \n" ); document.write( "Find the probability that the number that say they would feel secure is \n" ); document.write( "(a) exactly five:: p(x = 5) = 8C5*0.3^5*0.7^3 = binompdf(8,0.3,5) = 0.0467 \n" ); document.write( "(b) more than five::P(6<=x<=8) = 1 - binomcdf(8,0.3,5) = 0.0113 \n" ); document.write( "(c) at most five::P(0<=x<=5) = binomcdf(8,0.3,5) = 0.9887 \n" ); document.write( "------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "---------------- \n" ); document.write( " |