The probability that a randomly chosen self-funded retiree will choose a Growth fund over other investment options

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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 answer-question

Statistical Reasoning for Everyday Life

ISBN: 978-0321817624

4th edition

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

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Posted Date: Jul 11, 2018 08:02 AM

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The probability that a randomly chosen self-funded retiree will choose a Growth fund over other investment options

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Statistical Reasoning for Everyday Life

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