A firm will randomly draw credit data of 500 households at once in a town of 1

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A firm will randomly draw credit data of 500 households at once in a town of 1 000 households. If X = number of households in the random sample with credit debt of at least $5 000, does this random variable follow a binomial distribution?

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Principles Of Managerial Statistics And Data Science

ISBN: 9781119486411

1st Edition

Authors: Roberto Rivera

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Question Posted: Aug 07, 2023 08:19 AM

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A firm will randomly draw credit data of 500 households at once in a town of 1

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Yes the random variable X in this scenario follows a binomial distribution A binomial distribution i...View the full answer

Principles Of Managerial Statistics And Data Science

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