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.)
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.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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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