F(144) Generation Y has been defined as those individuals who were born between 1981 and 1991. A 2010 survey by a credit counseling foundation found that 60​% of the young adults in Generation Y pay their monthly bills on time. Suppose we take a random sample of 190 people from Generation Y.     Question content area bottom   Part 1   The distribution of p is a aproximately normal. Calculate the standard deviaiton of p.   σp=enter your response here​(Round to four decimal places as ​needed.)   What is the probability that between 106 and 120 of them will pay their monthly bills on​ time?  ​P(Between 106 and 120 of them will pay their monthly bills on​time)=enter your response here  ​(Round to four decimal places as​ needed.)

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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F(144) Generation Y has been defined as those individuals who were born between 1981 and 1991. A 2010 survey by a credit counseling foundation found that 60​% of the young adults in Generation Y pay their monthly bills on time. Suppose we take a random sample of 190 people from Generation Y.     Question content area bottom   Part 1   The distribution of p is a aproximately normal. Calculate the standard deviaiton of p.   σp=enter your response here ​(Round to four decimal places as ​needed.)   What is the probability that between 106 and 120 of them will pay their monthly bills on​ time?   ​P(Between 106 and 120 of them will pay their monthly bills on ​time)=enter your response here   ​(Round to four decimal places as​ needed.)  
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