Find that probability that 10 or more of the 30 individuals, Basic Statistics

+44 141 628 6080
[email protected]

Find that probability that 10 or more of the 30 individuals

Past experience indicates that 30% of all individuals entering a certain store decide to make a purchase. Using

(a) the binomial distribution and

(b) the normal approximation to the binomial,

find that probability that 10 or more of the 30 individuals entering the store in a given hour will decide to make a purchase.

Compare the results obtained using the two different approaches.

Under what csonditions will the normal approximation to this binomial probability become even more accurate?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find that probability that 10 or more of the 30 individuals

Reference No:- TGS01550288

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find that probability that 10 or more of the 30 individuals

Reference No:- TGS01550288

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : The city of washington is considering adding new buses for

Q : Define bond length and bond energy use the bond energies to

Q : Locate your state licensing board within the national board

Q : Assign the value of the evaluation function mentioned in

Q : Find that probability that 10 or more of the 30 individuals

Q : Describe how to perform risk analysis during software

Q : Does price equal or exceed average variable cost for the

Q : Draw the game tree for this variation of nim if the

Q : How many items would have to be produced in a batch to