Probability that users are very close to the total limit

Assignment Help Basic Statistics

Reference no: EM13122905

According to a study by Decision Analyst, 21% of the people who have credit cards are very close to the total limit on the card(s). Suppose a random sample of 600 credit card users is taken. What is the probability that more than 150 credit card users are very close to the total limit on their card(s)?

Reference no: EM13122905

Questions Cloud

What are moment generating function-mean and variance : Let X denote the waiting time until the tenth call arrives. What is the pdf of X? What are the moment generating function, mean , and variance of X?

What is the mass of the steel bar : 115 mL of H_2O is initially at room temperature 22 0C. A chilled steel rod at 2 0C is placed in the water. If the final temperature of the system is 21.1 0C, what is the mass of the steel bar.

Find confidence for true proportion of all college students : When 338 college students are randomly selected and surveyed, it is found that 109 own a car. Find a 99% confidence for the true proportion of all college students who own a car.

Analyzing polynomial functions : What does the graph look like- describe the x placement. What is the graph function called? Give an example of a number you could place in for the variable x, and describe the shift from the original graph. Remember to note what your value you are..

Probability that users are very close to the total limit : Suppose a random sample of 600 credit card users is taken. What is the probability that more than 150 credit card users are very close to the total limit on their card(s)?

Profitability of an organization : Could we use managerial accounting "tools" to assess the profitability of an organization other than a manufacturing business, or are the topics we are learning only related to manufacturing?

What is the specific heat capacity of the metal : A piece of metal of mass 27 g at 99?C is placed in a calorimeter containing 45.1 g of water at 21?C. The final temperature of the mixture is 38.7?C.

Traditional income statement : Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?

Illustrate what is the balance in retained earnings : Net income for the current year was $300,000. If the company paid a dividend of $2 per share on its common stock, illustrate what is the balance in Retained Earnings at the end of the year?

User Account

All Pages