A recent survey by the American Accounting Association revealed 52% of accountants have the Certified Public Accounting (CPA) certificate. Suppose we select a sample of 15 accountants. a-1. What is the random variable? a-2. How is the random variable distributed? b. What is the probability five of the 15 accountants are CPAs? (Round your answer to 4 decimal places.) c. What is the probability seven or eight of the 15 accountants are CPAs? (Round your answer to 4 decimal places.) d. What is the mean of the distribution of “number of CPA’s among 15 accountants”? (Round your answer to 1 decimal place.) e. What is the variance of the distribution of “number of CPA’s among 15 accountants”? (Round your answer to 3 decimal places.)
A recent survey by the American Accounting Association revealed 52% of accountants have the Certified Public Accounting (CPA) certificate. Suppose we select a sample of 15 accountants.
a-1. What is the random variable?
a-2. How is the random variable distributed?
b. What is the
c. What is the probability seven or eight of the 15 accountants are CPAs? (Round your answer to 4 decimal places.)
d. What is the
e. What is the variance of the distribution of “number of CPA’s among 15 accountants”? (Round your answer to 3 decimal places.)
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