2CRE as an Investment Assume that 10% of us believe that
Chapter 6, Problem 2CRE(choose chapter or problem)
2CRE as an Investment Assume that 10% of us believe that college is not a good investment (based on a survey in ?USA Today). ? a. Let ? denote the event of selecting someone who believes that college is not a good investment. What does the event denote? b. Find the value of ?. c. Find the probability of randomly selecting three different people and finding that each of them has the belief that college is not a good investment. d. The given rate of 10% is based on results from Internet users who chose to respond to a question ? posted on the U? SA Today Web site. What is this type of sample called? What does this suggest about the accuracy of the 10% rate?
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