Use the following to answer these questions: 60% of people plan to spend money on traveling over
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Question:
Use the following to answer these questions:
60% of people plan to spend money on traveling over the summer months. Suppose we take a sample of 12 people.
How many people are expected to spend money on traveling out of the 12?
a. 7.2
b. 7.0
c. 8.0
d. 4.8
What is the standard deviation of this distribution?
a. 2.88
b. 4.32
c. 2.0785
d. 1.6971
What is the probability that 10 people will spend money on traveling?
a. 0.6000
b. 0.0060
c. 0.0639
d. 0.0718
What is the probability that less than 10 people will spend money on traveling?
a. 0.9165
b. 0.0196
c. 0.0835
d. 0.9361
Related Book For
Quantitative Investment Analysis
ISBN: 978-1119104223
3rd edition
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
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