document.write( "Question 1146838: It is found that 60% of American victims of healthcare fraud are senior citizens.
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Algebra.Com's Answer #768133 by ikleyn(52858) $\"\"$ $\"About$

You can put this solution on YOUR website!
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document.write( "This is a binomial distribution type problem where the probability under the question is the sum\r\n" );
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document.write( "     P =       (1)\r\n" );
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document.write( "The number of trials is              10;\r\n" );
document.write( "The indexes of success trials        k = 6,7,8,9,10\r\n" );
document.write( "The probability of success trial     p = 0.6;\r\n" );
document.write( "                                     q = 1 - p\r\n" );
document.write( "C(n,k) = n! / (k! * (n-k)!)          are binomial coefficients.\r\n" );
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document.write( "The sum  (1)  is equal to  1 - .     (2)\r\n" );
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document.write( "Instead of calculating every term of (2) manually and then summing them up, you may use Excel function \r\n" );
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document.write( "BINOM.DIST(5, 10, 0.6, TRUE)  to calculate the value\r\n" );
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document.write( "     = 0.366897.    \r\n" );
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document.write( "Therefore, the value of  (2)  is equal to  1 - 0.366897 = 0.633103 (approximately).    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "On Excel function BINOM.DIST, see its description everywhere, for example\r
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