It is estimated that 4000 of the 10,000 voting residents of a town are against a new
Question:
It is estimated that 4000 of the 10,000 voting residents of a town are against a new sales tax. If 15 eligible voters are selected at random and asked their opinion, what is the probability that at most 7 favor the new tax?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
The binomial approximat...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
It is estimated that while world coffee prices hover around 50 per pound, production costs are around 80 per pound. According to a report issued in September 2002 by the relief agency Oxfam, prices...
-
It is estimated that over 90,000 students will apply to the top 30 M.B.A. programs in the United States this year. a. Using the concept of net present value and opportunity cost, explain when it is...
-
It is estimated that over 100,000 students will apply to the top 30 M. B. A. programs in the United States this year. a. Using the concept of net present value and opportunity cost, explain when it...
-
Predicting Genetic disorders in Children based on their Medical information and History Hereditary diseases is becoming more of a problem as human population grows exponentially. Genetic testing...
-
(a) What is the wavelength of a radar 22.75 x 109 Hz signal? (b) What is the frequency of an X-ray with wavelength 0.12 nm?
-
List the four components of total spending. Why are imports subtracted when GDP is calculated in the expenditure approach?
-
A student advisory board consists of 17 members. Three members will be chosen to serve as the boards chair, secretary, and webmaster. Each member is equally likely to serve in any of the positions....
-
On May 2, 2019, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an...
-
In an electric motor, a coil with 139 turns of radius 1.80 cm can rotate between the poles of a magnet. The magnetic field magnitude is 0.200 T. When the current through the coil is 37.9 mA, what is...
-
A box mass 55.0 kg is moving along the x-axis attached to a uniform spring of mass 6.50 kg and force constant 2500 N/m. Calculate the angular frequency of the box by considering effect of mass of the...
-
If a person is dealt 13 cards from an ordinary deck of 52 playing cards several times, how many hearts per hand can he expect? Between what two values would you expect the number of hearts to fall at...
-
An annexation suit is being considered against a county subdivision of 1200 residences by a neighboring city. If the occupants of half the residences object to being annexed, what is the probability...
-
Crosley Corp. sold an investment on an installment basis. The total gain of $60,000 was reported for financial reporting purposes in the period of sale. The company qualifies to use the...
-
In this lab, you will be creating new classes that are derived from a class called BankAccount. A checking account is a bank account and a savings account is a bank account as well. This sets up a...
-
This question examines your understanding of various topics you studied in this module. a) Explain with the aid of a sketch the impacts of latitude on temperature. [5 marks] b) Sketch the following...
-
The function f(x, y) = (x + y-11) + (x+y-7) is known as Himmelblau's function which is a function designed for testing per- formance of optimization algorithms (you can see more examples here)....
-
Q 0 1 2 3 4 5 6 7 Name: 1. Heavenly Donuts increases the price of its regular coffee from $2.00 to $2.35 per cup. As a result, Heavenly Donuts now sells 350 cups per day instead of 400 cups per day....
-
Ve The circuit diagram of a three operational amplifier instrumentation amplifier is shown in Figure Q1(b). OP AMP 1 OP AMP 2 1-2 E RAI RB RA E V. V.2 R R NR +1 NR ] OP AMP 3 Vo Figure Q1(b) NR = (i)...
-
A company redeems \($1\),000,000 face value bonds with a carrying value of \($990\),000. If the call price is 104 the company will: A . reduce bonds payable by \($1\),000,000. B . recognize a loss on...
-
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
-
Describe the decoding gate needed to produce a LOW output when a MOD-64 counter is at the count of 23.
-
A cylindrical pressure vessel has an outside diameter of 10 in and a wall thickness of 3/8 in. If the internal pressure is 350 psi, what is the maximum shear stress in the vessel walls?
-
An AISI 1020 cold-drawn steel tube has an ID of 1 in and an OD of 1 in. What maximum external pressure can this tube take if the largest principal normal stress is not to exceed 80 percent of the...
-
An AISI 1020 cold-drawn steel tube has an ID of 40 mm and an OD of 50 mm. What maximum internal pressure can this tube take if the largest principal normal stress is not to exceed 80 percent of the...
-
Part 1 - Rent Calculation Assume the following for a floor in a multistory office building: total usable area: 62,500 sq ft; Total common area: 4,100 sq ft; total rentable area: 66,600 sq ft; Tenant...
-
14. Consider the following information on three stocks: Probability of State Rate of Return if State Occurs State of Economy of Economy Stock A Stock B Stock C Boom 0.45 0.55 0.35 0.65 Normal 0.50...
-
B2 ) Consider the following information on a portfolio of three stocks: State of Economy Probability of State of Economy Boom .15 Stock A Rate of Return .05 Stock B. Rate of Return 21 Stock C Rate of...
Study smarter with the SolutionInn App