Forty-three percent (43%) of adults say they get their financial advice from family members. You randomly select 14 adults and ask them if they get their financial advice from family members. Find the probability that the number who say they get their financial advice from family members is (a) exactly five, (b) at least ten, and (c) at most three (d) more than 12
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Forty-three percent (43%) of adults say they get their financial
advice from family members. You randomly select 14 adults and ask
them if they get their financial advice from family members.
Find the
advice from family members is (a) exactly five, (b) at least ten, and (c)
at most three (d) more than 12 (e) fewer than 6
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