Household security probability

Reference no: EM13102547

Seventy-five percent of households say they woud feel secure if they had $50,000 in savings. You randomly select 8 households and ask 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 (c)at most five.

Reference no: EM13102547

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