document.write( "Question 1193397: Fifty percent of midsize manufacturers planned to have management representative visit Canada and Mexico to take advantage of opportunities created by the North American Free Trade Agreements. An export-import group in Toronto , Canada , has invited 20 US midsize manufacturers to participate in the conference to explore trade opportunities. What is the probability that 12 or more of these manufacturers will send representatives? \n" ); document.write( "
Algebra.Com's Answer #825416 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "Fifty percent of midsize manufacturers planned to have management representative visit Canada and Mexico \n" ); document.write( "to take advantage of opportunities created by the North American Free Trade Agreements. \n" ); document.write( "An export-import group in Toronto , Canada , has invited 20 US midsize manufacturers to participate \n" ); document.write( "in the conference to explore trade opportunities. \n" ); document.write( "What is the probability that 12 or more of these manufacturers will send representatives? \n" ); document.write( "~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "It is a binomial distribution probability problem.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "The number of trials is n=20; the individual probability of success is 0.5;\r\n" ); document.write( "the number of success is k>=12.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Use thhis online free of charge calculator \r\n" ); document.write( "\r\n" ); document.write( "https://stattrek.com/online-calculator/binomial.aspx\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "The ANSWER is P(n=20; k>=12; p=0.5) = 0.2517 (rounded). \r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( "Solved.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "If you want to see many similar (or different) solved problems, look into the lessons\r \n" ); document.write( "\n" ); document.write( " - Simple and simplest probability problems on Binomial distribution \r \n" ); document.write( "\n" ); document.write( " - Typical binomial distribution probability problems \r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "After reading these lessons, you will be able to solve such problems on your own. \r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |