# Question

One question from the Sullivan Statistics Survey was “How many credit cards do you currently have?” This question was asked of only those individuals who have a credit card. Answer the following questions based on the results of the survey.

(a) Determine the mean number of credit cards based on the raw data.

(b) Determine the standard deviation number of credit cards based on the raw data.

(c) Determine a probability distribution for the random variable, X, the number of credit cards issued to an individual.

(d) Draw a probability histogram for the random variable X. Describe the shape of the distribution.

(e) Determine the mean and standard deviation number of credit cards from the probability distribution found in part (c).

(f ) Determine the probability of randomly selecting an individual whose number of credit cards is more than two standard deviations from the mean. Is this result unusual?

(g) Determine the probability of randomly selecting two individuals who are issued exactly two credit cards. Interpret this result.

(a) Determine the mean number of credit cards based on the raw data.

(b) Determine the standard deviation number of credit cards based on the raw data.

(c) Determine a probability distribution for the random variable, X, the number of credit cards issued to an individual.

(d) Draw a probability histogram for the random variable X. Describe the shape of the distribution.

(e) Determine the mean and standard deviation number of credit cards from the probability distribution found in part (c).

(f ) Determine the probability of randomly selecting an individual whose number of credit cards is more than two standard deviations from the mean. Is this result unusual?

(g) Determine the probability of randomly selecting two individuals who are issued exactly two credit cards. Interpret this result.

## Answer to relevant Questions

An experimental drug is administered to 100 randomly selected individuals, with the number of individuals responding favorably recorded. In a town with 400 citizens, 100 randomly selected citizens are asked to identify their religion. The number who identify with a Christian religion is recorded. A binomial probability experiment is conducted with the given parameters. Compute the probability of x successes in the n independent trials of the experiment. n = 9, p = 0.2, x ≤ 3 n = 9, p = 0.75 (a) Construct a binomial probability distribution with the given parameters; (b) Compute the mean and standard deviation of the random variable using the methods of Section 6.1; (c) Compute the mean and ...According to a study done by Nick Wilson of Otago University Wellington, the probability a randomly selected individual will cover his or her mouth with a tissue, handkerchief, or elbow (the method recommended by public ...Post your question

0