Answered: According to the U.S. government, it…

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

ChapterP: Prologue: Calculator Arithmetic

Section: Chapter Questions

Problem 2E: Pet Owners According to the Humane Society, in 2015, 65% of U.S. households owned at least one pet,...

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According to the U.S. government, it costs more to make a penny, $0.0241, than a penny’s value, $0.01. The U.S. government has considered eliminating pennies from its currency. Canada and Australia decided to eliminate pennies from their currencies. As requirement of the decision, a survey of adult Americans found that two-thirds said that pennies should not be eliminated. If we randomly selected 12 adults: a. Of the 12 adults, how many would we expect to support continued use of the penny? b. What is the likelihood that eight adults would support continued use of the penny? (Round your answer to 3 decimal places.) c. What is the likelihood that the majority of the 12 people, that is seven or more adults, would support the continued use of the penny? (Round your answer to 3 decimal places.)

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