Question: Please show all work According to a recent poll, 20% of Americans own some form of cryptocurrency right now. Stewart is in an investment club
Please show all work
According to a recent poll, 20% of Americans own some form of cryptocurrency right now. Stewart is in an investment club with 4 of his friends.
a. Create a probability distribution with all possible outcomes of x and their respective probabilities.
b. What is the probability that no one in the investment club owns some form of cryptocurrency?
c. What is the probability that at least 3 people own some cryptocurrency?
d. How many individuals in the investment club should we expect to own cryptocurrency?
e. What is the probability that if one person in the club owns cryptocurrency, at least 3 people will?
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