Suppose that 24% of companies in a certain sector of the economy have announced plans to expand in the next year (and the other 76% will not). In a sample of 8 companies chosen at random from this population. If the random variable X is binomially distributed. Find the probability that the number of companies which have announced plans to expand in the next year will be (i) precisely three, (ii) fewer than three.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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Suppose that 24% of companies in a certain sector of the economy have announced
plans to expand in the next year (and the other 76% will not). In a sample of 8
companies chosen at random from this population. If the random variable X is
binomially distributed. Find the probability that the number of companies which
have announced plans to expand in the next year will be (i) precisely three, (ii)
fewer than three.
Transcribed Image Text:Suppose that 24% of companies in a certain sector of the economy have announced plans to expand in the next year (and the other 76% will not). In a sample of 8 companies chosen at random from this population. If the random variable X is binomially distributed. Find the probability that the number of companies which have announced plans to expand in the next year will be (i) precisely three, (ii) fewer than three.
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