Explanation Given: The number of young adults selected n = 1000 The probability of success on a single trial p = 0.15 Formula used: The expression for the mean and the standard deviation for binomial distribution is: μ = n p σ = n p ( 1 − p ) The z -score for any value x : z = x − μ σ Here, μ is the mean, σ is the standard deviation, n is the number of trials and p is the probability of success on a single trial. Calculation: Use the formula of mean, standard deviation and z -score. Substitute 1000 for n and 0.15 for p as: μ = n p = 1000 ( 0.15 ) = 150 σ = n p ( 1 − p ) = 1000 ( 0.15 ) ( 1 − 0

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ISBN: 8220101336323

Author: MULLINS

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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Chapter 10, Problem 51RE

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To calculate: The probability that more than 130 young adults live in their parents’ home, while a random sample of 1000 adults are considered.

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Chapter 10, Problem 50RE

Chapter 10, Problem 52RE

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The probability that more than 130 young adults live in their parents’ home, while a random sample of 1000 adults are considered.

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Chapter 10 Solutions