SOLUTION: The unemployment rate in a city is 12%. If 8 people from the city are sampled at random, find the probability that fewer than 2 of them are unemployed. Carry your intermediate com

Algebra ->  Probability-and-statistics -> SOLUTION: The unemployment rate in a city is 12%. If 8 people from the city are sampled at random, find the probability that fewer than 2 of them are unemployed. Carry your intermediate com      Log On


   



Question 1158283: The unemployment rate in a city is 12%. If 8 people from the city are sampled at random, find the probability that fewer than 2 of them are unemployed.
Carry your intermediate computations to at least four decimal places, and round your answer to two decimal places.
(If necessary, consult a list of formulas.)

Answer by ikleyn(52778) About Me  (Show Source):
You can put this solution on YOUR website!
.

It is not precisely accurate formulation, because not only working/unemployed people live in the normal/regular city.

There are also children, students and retired people.