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Investing in College Based on a USA Today poll, assume

Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola ISBN: 9780321836960 18

Solution for problem 6CRE Chapter 5.5

Elementary Statistics | 12th Edition

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Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola

Elementary Statistics | 12th Edition

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Problem 6CRE

Investing in College Based on a USA Today poll, assume that 10% of the population believes that college is no longer a good investment.

a. Find the probability that among 16 randomly selected people, exactly 4 believe that college is no longer a good investment.

b. Find the probability that among 16 randomly selected people, at least 1 believes that college is no longer a good investment.

c. The poll results were obtained by Internet users logged on to the USA Today Web site, and the Internet users decided whether to ignore the posted survey or respond. What type of sample is this? What does it suggest about the validity of the results?

Step-by-Step Solution:
Step 1 of 3

Problem 6CRE

Answer:

Step1 of 1:

We have Based on a USA Today poll, assume that 10% of the population believes that college is no longer a good investment.that is p = 0.10.

Consider a random variable “x” follows binomial distribution with sample size “n” and proportion “p”.

i,e.X B(n, p)

Where,

n = 16 and p = 0.10.

q = 1 - p

   = 1 - 0.10

   = 0.90.

Probability mass function of binomial distribution is given by

P(x) = , x = 0,1,2,...,n.

a).

The probability that among 16 randomly selected people, exactly 4 believe that college is no longer a good investment is given by

      P(x) =

P(x = 4) =

              =  18200.00010.2824

              = 0.0514

Therefore,The probability that among 16 randomly selected people, exactly 4 believe...

Step 2 of 3

Chapter 5.5, Problem 6CRE is Solved
Step 3 of 3

Textbook: Elementary Statistics
Edition: 12
Author: Mario F. Triola
ISBN: 9780321836960

The answer to “Investing in College Based on a USA Today poll, assume that 10% of the population believes that college is no longer a good investment.a. Find the probability that among 16 randomly selected people, exactly 4 believe that college is no longer a good investment.________________b. Find the probability that among 16 randomly selected people, at least 1 believes that college is no longer a good investment.________________c. The poll results were obtained by Internet users logged on to the USA Today Web site, and the Internet users decided whether to ignore the posted survey or respond. What type of sample is this? What does it suggest about the validity of the results?” is broken down into a number of easy to follow steps, and 110 words. This textbook survival guide was created for the textbook: Elementary Statistics, edition: 12. Elementary Statistics was written by and is associated to the ISBN: 9780321836960. Since the solution to 6CRE from 5.5 chapter was answered, more than 1258 students have viewed the full step-by-step answer. The full step-by-step solution to problem: 6CRE from chapter: 5.5 was answered by , our top Statistics solution expert on 03/15/17, 10:30PM. This full solution covers the following key subjects: college, longer, investment, good, Randomly. This expansive textbook survival guide covers 121 chapters, and 3629 solutions.

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