Chapter 5: Problem 59
List the five identifying characteristics of the binomial experiment.
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Chapter 5: Problem 59
List the five identifying characteristics of the binomial experiment.
These are the key concepts you need to understand to accurately answer the question.
All the tools & learning materials you need for study success - in one app.
Get started for freeLet \(x\) be a binomial random variable with \(n=\) 20 and \(p=.1\) a. Calculate \(P(x \leq 4)\) using the binomial formula. b. Calculate \(P(x \leq 4)\) using Table 1 in Appendix I. c. Use the Excel output below to calculate \(P(x \leq 4)\). Compare the results of parts a, b, and c. d. Calculate the mean and standard deviation of the random variable \(x\). e. Use the results of part d to calculate the intervals \(\mu \pm \sigma, \mu \pm 2 \sigma,\) and \(\mu \pm 3 \sigma\). Find the probability that an observation will fall into each of these intervals. f. Are the results of part e consistent with Tchebysheff's Theorem? With the Empirical Rule? Why or why not?
A student government states that \(80 \%\) of all students favor an increase in student fees to subsidize a new recreational area. A random sample of \(n=25\) students produced 15 in favor of increased fees. What is the probability that 15 or fewer in the sample would favor the issue if student government is correct? Do the data support the student government's assertion, or does it appear that the percentage favoring an increase in fees is less than \(80 \% ?\)
The recession has caused many people to use their credit cards far less. In fact, in the United States, \(60 \%\) of consumers say they are committed to living with fewer credit cards. \({ }^{15} \mathrm{~A}\) sample of \(n=400\) consumers with credit cards are randomly selected. a. What is the average number of consumers in the sample who said they are committed to living with fewer credit cards? b. What is the standard deviation of the number in the sample who said they are committed to living with fewer credit cards? c. Within what range would you expect to find the number in the sample who said they are committed to living with fewer credit cards? d. If only 200 of the sample of consumers said they were committed to living with fewer credit cards, would you consider this unusual? Explain. What conclusion might you draw from this sample information?
Refer to Exercise 5.27 where \(30 \%\) of all admitted patients fail to pay their bills and the debts are eventually forgiven. Suppose that the clinic treats 2000 different patients over a period of 1 year, and let \(x\) be the number of forgiven debts. a. What is the mean (expected) number of debts that have to be forgiven? b. Find the variance and standard deviation of \(x\). c. What can you say about the probability that \(x\) will exceed \(700 ?\) (HINT: Use the values of \(\mu\) and \(\sigma\), along with Tchebysheff's Theorem.)
A packaging experiment is conducted by placing two different package designs for a breakfast food side by side on a supermarket shelf. On a given day, 25 customers purchased a package of the breakfast food from the supermarket. Let \(x\) equal the number of buyers who choose the second package design. a. If there is no preference for either of the two designs, what is the value of \(p,\) the probability that a buyer chooses the second package design? b. If there is no preference, use the results of part a to calculate the mean and standard deviation of \(x\) c. If 5 of the 25 customers choose the first package design and 20 choose the second design, what do you conclude about the customers' preference for the second package design?
What do you think about this solution?
We value your feedback to improve our textbook solutions.