Fifty percent of households say that they would feel secure

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Reference no: EM13611548

Fifty percent of households say that they would feel secure if they had $50,000 in savings. You randomly select 8 households andask them if they would feel secure if they had $50,000 in savings. Find the probability that the number that say they would feel secure is:

(a) exactly five

(b) more than five, and

Reference no: EM13611548

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