In the past few years, outsourcing overseas has become more frequently used than ever before by U.S.
Question:
a. What is the probability that exactly five companies that outsource overseas use a consultant?
b. What is the probability that more than nine companies that outsource overseas use a consultant?
c. What is the probability that none of the companies that outsource overseas use a consultant?
d. What is the probability that between four and seven (inclusive) companies that outsource overseas use a consultant?
e. Construct a graph for this binomial distribution. In light of the graph and the expected value, explain why the probability results from parts (a) through (d) were obtained.
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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