Question 298958: In the past year, 13% of businesses have eliminated jobs. If five businesses are selected at random, find the probability that at least three have eliminated jobs during the last year.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! In the past year, 13% of businesses have eliminated jobs. If five businesses are selected at random, find the probability that at least three have eliminated jobs during the last year.
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Binomial Problem with n = 5 ; p = 0.13;
P(3<= x <=5) = 1-P(0<= x <=2) = 1 - binomcdf(5,0.13,2) = 0.1791
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Cheers,
Stan H.
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