Suppose that 3% of the families in a large city have an

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QUESTION:

Suppose that 3% of the families in a large city have an annual income of over $60,000. What is the probability that, of 60 random families, at most three have an annual income of over $60,000?

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QUESTION:

Suppose that 3% of the families in a large city have an annual income of over $60,000. What is the probability that, of 60 random families, at most three have an annual income of over $60,000?

ANSWER:

Step 1 of 3

Given:

The probability of the families in a large city having an annual income of over $60,000 is .

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