In a certain city, 40% of households have a total annual income of at least $70,000. A simple random sample of 15 households is selected. Find the probability that: A. 8 households have an annual income of $70,000 or more B. The first household to have an income over $70,000 is the 9th household selected. C. What is the expected number of households with an income over $70,000 D. What is the standard deviation
In a certain city, 40% of households have a total annual income of at least $70,000. A simple random sample of 15 households is selected. Find the probability that: A. 8 households have an annual income of $70,000 or more B. The first household to have an income over $70,000 is the 9th household selected. C. What is the expected number of households with an income over $70,000 D. What is the standard deviation
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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In a certain city, 40% of households have a total annual income of at least $70,000. A simple random sample of 15 households is selected. Find the probability that:
A. 8 households have an annual income of $70,000 or more
B. The first household to have an income over $70,000 is the 9th household selected.
C. What is the expected number of households with an income over $70,000
D. What is the standard deviation
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Step 1: A) calculate the probability of 8 households have an annual income of $70,000 or more
VIEWStep 2: B)calculate probability first household to have an income over $70,000 is the 9th household selected
VIEWStep 3: C) find the expected number of households with an income over $70,000
VIEWStep 4: D) find out the standard deviation
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