A USA Today Snapshot reports that among people 35 to 65 years old, nearly two thirds say

Question:

A USA Today Snapshot reports that among people 35 to 65 years old, nearly two thirds say they are not concerned about being forced into retirement. Suppose that we randomly select n = 15 individuals that in this age category and approximate the value of p as p = .7. Let x be the number that say they are not concerned with forced retirement.

a. What is the probability distribution for x?

b. What is P(x ≤ 8)?

c. Find the probability that x exceeds 8?

d. What is the largest value of c for which P(x ≤ c) ≤ .10?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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