SOLUTION: It’s been reported that 5.8% of U.S. households lease a vehicle for personal use. If 100 households are selected at random, what is the probability that at least 8 lease a vehicle
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Question 756673: It’s been reported that 5.8% of U.S. households lease a vehicle for personal use. If 100 households are selected at random, what is the probability that at least 8 lease a vehicle? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! It’s been reported that 5.8% of U.S. households lease a vehicle for personal use. If 100 households are selected at random, what is the probability that at least 8 lease a vehicle?
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Binomial Problem with n = 100 and p(lease) = 0.058
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P(8<= x <=100) = 1 - P(0<= x <=7) = 1-binomcdf(100,0.058,7) = 0.2241
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Cheers,
Stan H.
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