Probability that four americans have nascar-their favorite

Assignment Help Basic Statistics

Reference no: EM13135522

Among Americans who are auto racing fans, 59% identify NASCAR as their favorite type of racing. Suppose four auto racing fans are randomly selected.

1. What is the probability that all four have NASCAR as their favorite?
2. What is the probability that none of them have NASCAR as their favorite?
3. What is the probability that at least one has NASCAR as their favorite?

Reference no: EM13135522

Questions Cloud

Employee cumulative earnings for the year : the employees cumulative earning for the year prior to this week equal $6,200. the employee's cumulative earnings for the year prior to this week equal $98,700.

Prepare a journal which records your activities : Prepare a journal which records your activities and progress related to completing this assignment.

Science of genetic testing : The science of genetic testing is fast reaching the point where it can be determined whether people carry genes for debilitating and often fatal diseases.

Discuss the qualities that make this product pr service : The goal is to apply learned concepts and later build a strategic marketing plan for your product or service. You will not be allowed to mimic plans or ideas from larger or already "in-place" campaigns. You must think on your own two feet.

Probability that four americans have nascar-their favorite : 59% identify NASCAR as their favorite type of racing. Suppose four auto racing fans are randomly selected. What is the probability that all four have NASCAR as their favorite?

Sale of obsolete inventory at cost : The increase in ROI was attributed to a reduction in operating assets brought about by the sale of obsolete inventory at cost (the proceeds from the sale were used to reduce bank loans). By how much was inventory reduced?

Risks for going global in country of turkey : Examine the follwing risks for going global in the country of Turkey: Political, legal, and regulatory risks

Discuss the program and what led to its implementation : 1) Briefly discuss the program and what led to its implementation. 2) In general, what are the different types of program evaluation available to a manager?

External financing alternatives : Having previously identified the location of its Greenfield investment, Acme, a multi-billion public MNE that is incorporated in the U.S., must next obtain external financing for its proposed overseas production facility.

User Account

All Pages