A recent survey of post-secondary education students in Canada revealed that 75% are confident in their ability to manage their finances. You are to randomly pick 35 post-secondary education students across the country, and ask each the following question: Are you confident in your ability to manage your finances? You have defined the random variable X to represent the number, out of 35 post-secondary students chosen, who respond YES. (a) What is the probability that 24 of these post-secondary students respond YES? 0 (use four decimals in your answer) (b) What is the probability that between 14 and 19 of these students will respond YES? P(14 < X < 19) (use four decimals in your answer) P(X= 24) = 1 (c) How many of the 35 post-secondary students would you expect to respond YES? Find the standard deviation as well. E(X) = μx = (use two decimals in your answer) 0 (use two decimals in your answer) (d) What can you say about the distribution of the X? Select the most appropriate answer. SD(X) = 0x =

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A recent survey of post-secondary education students in Canada revealed that 75% are confident in their ability to manage their finances.
You are to randomly pick 35 post-secondary education students across the country, and ask each the following question:
maga
LEDEL
You have defined the random variable X to represent the number, out of 35 post-secondary students chosen, who respond YES.
P(X= 24)
(a) What is the probability that 24 of these post-secondary students respond YES?
Are you confident in your ability to manage your finances?
P(14 < X < 19)
(b) What is the probability that between 14 and 19 of these students will respond YES?
E(X) = x
(use four decimals in your answer)
SD(X)=ox=
(c) How many of the 35 post-secondary students would you expect to respond YES? Find the standard deviation as well.
(use four decimals in your answer)
(use two decimals in your answer)
(use two decimals in your answer)
(d) What can you say about the distribution of the X? Select the most appropriate answer.
Transcribed Image Text:A recent survey of post-secondary education students in Canada revealed that 75% are confident in their ability to manage their finances. You are to randomly pick 35 post-secondary education students across the country, and ask each the following question: maga LEDEL You have defined the random variable X to represent the number, out of 35 post-secondary students chosen, who respond YES. P(X= 24) (a) What is the probability that 24 of these post-secondary students respond YES? Are you confident in your ability to manage your finances? P(14 < X < 19) (b) What is the probability that between 14 and 19 of these students will respond YES? E(X) = x (use four decimals in your answer) SD(X)=ox= (c) How many of the 35 post-secondary students would you expect to respond YES? Find the standard deviation as well. (use four decimals in your answer) (use two decimals in your answer) (use two decimals in your answer) (d) What can you say about the distribution of the X? Select the most appropriate answer.
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