SOLUTION: A survey asks 1400 chief financial officers. “Has the economy forced you to postpone or reduce the amount of vacation you plan to take this year?” Thirty-one percent of those surve
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Question 731400: A survey asks 1400 chief financial officers. “Has the economy forced you to postpone or reduce the amount of vacation you plan to take this year?” Thirty-one percent of those surveyed say they are postponing or reducing the amount of vacation. Twenty officers participating in the survey are randomly selected. The random variable represents the number of officers who are postponing or reducing the number of vacation.
a. Decide if the experiment is a Binomial experiment?
b. If it is identify a success.
c. Specify the values of n, p and q and list the possible values of the random variable x
(