Presume 10 undergraduate students are selected randomly

Reference no: EM1316650

Probability using Binomial distribution.

Nine percent of undergraduate students carry credit card balances greater than $7000. Presume 10 undergraduate students are selected randomly to be interviewed about credit card usage

a. Is the selection of 10 students a binomial experiment? Describe.

b. What is the probability that 2 of the students will have a credit card balance greater than $7000?

c. what is the probability that none will have the credit card balance greater than $7000

Reference no: EM1316650

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