Using binomial distribution to calculate probability

Reference no: EM1319710

Are your finances, buying habits, medical records, and phone calls really private? A real concern for many adults is that computers and the Internet are reducing privacy. A survey conducted by Peter D. Hart Research Associates for the Shell Poll was reported in USA Today. According to the survey, 37% of adults are concerned that employers are monitoring phone calls. Use the binomial distribution formula to calculate the probability that:

a. Out of 5 adults, none is concerned that employers are monitoring phone calls.

b. Out of 5 adults, all are concerned that employers are monitoring phone calls.

c. Out of 5 adults, exactly 3 are concerned that employers are monitoring phone calls.

Reference no: EM1319710

Questions Cloud

Probability of one-time fling : This is called a one-time fling. About 10% of all adults deliberately do a opne-time fling and feel no guilt about it!

Amount of depreciation expense for first year : On January 1, Top Flight Company purchased a $68,000 machine. The estimated life of the machine was five years, and the estimated salvage value was $5,000. Compute the amount of depreciation expense for the first year, using each of the following m..

Sampling error to calculate sample mean : Given this information, what would sampling error be if sample including seven values in top row were used to calculate sample mean?

Gross margin analysis and point-of-sale scanners : Jon Johnson an accountant with local CPA firm, has just completed an inventory count for Mom & Pop's Groceries. Mom and Pop provide audited financial statements to their bank annually, and part of that audit requires an inventory count.

Using binomial distribution to calculate probability : Use the binomial distribution formula to calculate the probability that:

Calculating cost of goods sold and ending inventory : Stan's Wholesale buys canned tomatoes from canneries and sells them to retail markets. During August 2009, Stan's inventory records showed the following: Calculate the cost of goods sold and ending inventory using the following cost flow alternati..

Population standard deviation by level of significance : It is believed that population standard deviation is 15 days. If test is conducted using 0.05 level of significance, what conclusion must be reached?

Schedule of noncash investing and financing activities : Prepare the statement of cash flows for the year ended December 31, 20X6, using the direct method, and include a schedule of noncash investing and financing activities if necessary.

Defective syringes in a random sample : Make a histogram showing the probabilties of r = 0, 1, 2, 3, 4, 5, 6, 7 or 8 defective syringes in a random sample of 8 syringes.

User Account

All Pages