The probability that a randomly chosen self-funded retiree will choose a Growth fund over other investment options
Fantastic news! We've Found the answer you've been seeking!
Question:
The probability that a randomly chosen self-funded retiree will choose a Growth fund over other investment options is 30%. An investment company wants to understand what its next 20 retired customers will do.
What is the expected number of these customers that will choose the Growth fund.
Related Book For
Statistical Reasoning for Everyday Life
ISBN: 978-0321817624
4th edition
Authors: Jeff Bennett, Bill Briggs, Mario F. Triola
Posted Date: