Calculate an approximate value for the probability
The random variable X has a binomial distribution with parameters n=100 and p=0.10. What distribution model would be appropriate to use to calculate an approximate value for the probability P(X=10). Explain, calculate and show work.
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Management will become concerned if more than 10% of the widgets from a particular machine are out of tolerance. Calculate the 5th percentile and the 95th percentile to find the measurements you would use to evaluate management's concern.
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In this problem, we explore the effect on the standard deviation of adding the same constant to each data value in a data set. Consider the following data set.
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The population proportion is .30. What is the probability that a sample proportion will be within ±.04 of the population proportion for each of the following sample sizes?
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