Question: 1) Suppose a random variable, x , arises from a binomial experiment.If n = 6, and p = 0.30, find the following probabilities using technology.
1) Suppose a random variable, x, arises from a binomial experiment.If n = 6, and p = 0.30, find the following probabilities using technology.
a.) p(x=1)
b.) p(x=5)
c.) p(x=3)
d.) p(x>=5)
e.) p(x<=3)
f.) p(x<=4)
2) An LG Dishwasher, which costs $800, has a 20% chance of needing to be replaced in the first 2 years of purchase.A two-year extended warrantee costs $112.10 on a dishwasher.What is the expected value of the extended warranty assuming it is replaced in the first 2 years?
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