Question 1078172: In a recent year, 56% of employers offered a consumer-directed health plan (CDHP). This type of plan typically combines a high deductible with a health savings plan. Choose 80 employers at random. What is the probability that more than 50 will offer a CDHP?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! In a recent year, 56% of employers offered a consumer-directed health plan (CDHP). This type of plan typically combines a high deductible with a health savings plan. Choose 80 employers at random. What is the probability that more than 50 will offer a CDHP?
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Binomial Problem with p = 0.56 and n = 80
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P(x > 50) = 1 - binomcdf(80,0.56,50) = 0.0989
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Cheers,
Stan H.
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