SOLUTION: in the past year, 13% of business have eliminated jobs. if 5 business are selected at random, find the probability that at least 3 have estimated jobs during the last year.

Algebra ->  Probability-and-statistics -> SOLUTION: in the past year, 13% of business have eliminated jobs. if 5 business are selected at random, find the probability that at least 3 have estimated jobs during the last year.       Log On


   

Question 633319: in the past year, 13% of business have eliminated jobs. if 5 business are selected at random, find the probability that at least 3 have estimated jobs during the last year.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
in the past year, 13% of business have eliminated jobs. if 5 business are selected at random, find the probability that at least 3 have estimated jobs during the last year.
---
Binomial Problem with n = 5 and p(have eliminated jobs) = 0.13
-----
P(3<= x <=5) = 1 - P(0<= x <- 2) = 1 - binomcdf(5,0..13,2) = 0.01790
============
Cheers,
Stan H.
==============