Problem regarding the expected number of people

Assignment Help Other Subject

Reference no: EM13984996

A consulting group believes that 70% of the people in a certain county are satis?ed with their health coverage. Assuming that this is true, ?nd the probability that in a random sample of 15 people from the county:

(a) Exactly 10 are satis?ed with their health coverage, and interpret.

(b) Not more than 10 are satis?ed with their health coverage, and interpret.

(c) What is the expected number of people out of 15 that are satis?ed with their health coverage?

Reference no: EM13984996

Questions Cloud

Estimate the linear demand curve for this activity : A tour company charges $100 round trip to travel from Los Angeles to Las Vegas on a luxury motor coach. At that price they sell 500 tickets. We know that the price elasticity for motor coach travel is -1.8%. Estimate the linear demand curve for this ..

In regards to benchmarking : Use Verizon cell phone service as an example and describe the steps and activities involved in benchmarking. Be sure to indicate which type of benchmarking would be most appropriate and why, as well as whom they should benchmark against and what they..

Identify the benefits and drawbacks of using the capm : Illustrate why some managers have difficulty applying the Capital Asset Pricing Model (CAPM) in financial decision making.

Important effects for the firm and markets to operate : Suppose a small firm that selles their output in a competitive market, and then there is an unexpected in demand for their product. What are the important effects for the firm and markets to operate?

Problem regarding the expected number of people : A consulting group believes that 70% of the people in a certain county are satis?ed with their health coverage. Assuming that this is true, ?nd the probability that in a random sample of 15 people from the county:

Illustrates the first experimental principle : Explain what happens to observed prices in posted offer and double auction markets as the number of sellers drop. Explain what happens in these two markets as the number of sellers drops to only one seller. Explain why part llustrates the first exper..

Is wire current going into the page or coming out of page : The figure shows a wire directed into the page and a nearby compass needle. Is the wire's current going into the page or coming out of the page? Explain.

Construction industry : ITCM 204 construction codes, contract, and specification. 1-Construction industry A) Lists examples of five construction workforces? 2-What are the three major problem faced by construction workers?

Expected number of completions : A quarterback on a football team has a pass completion rate of 0.62. If, in a given game, he attempts 16 passes, what is the probability that he will complete

User Account

All Pages