Question content area top Part 1 39.639.6% of consumers believe that cash will be obsolete in the next 20 years. Assume that 77 consumers are randomly selected. Find the probability that fewer than 33 of the selected consumers believe that cash will be obsolete in the next 20 years.

Question content area top Part 1 39.639.6% of consumers believe that cash will be obsolete in the next 20 years. Assume that 77 consumers are randomly selected. Find the probability that fewer than 33 of the selected consumers believe that cash will be obsolete in the next 20 years.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 50E: Medicine Out of a group of 9 patients treated with a new drug, 4 suffered a relapse. Find the...

See similar textbooks

Related questions

Q: Determine whether the following statement is true or not. According to central limit theorem (CLT),…

A: The objective of the question is to verify the truthfulness of the statement related to the Central…

Q: Do students who are members of fraternities or sororities have GPAS alfferent from the student body…

A: μ=2.59,s=0.34,x¯=2.47,n=123Decision rule: When p value< level of signicance,then reject the null…

Q: The new business venture, Best-In-World, has been manufacturing technology devices for over 20 years…

A: The objective of this question is to calculate the Expected Monetary Value (EMV) for each…

Q: Find the mode of the stem and leaf plot

Q: Your friend wants to perform a magic trick and asks you to draw 2 cars from a standard deck of 52.…

A: There are 52 cards in a standard deckIf you choose randomly two cards in a deck, place the first…

Q: A random sample of n = 16 scores is selected from a normal distribution with µ = 500 and σ = 200.…

A: The possible sample would be p(402 < M< 598) = 0.95Explanation:Step 1: Step 2: Step 3: Step 4:

Q: The form of the alternative hypothesis can be: a) two-tailed b) one or two-tailed c) neither one nor…

A: The objective of the question is to identify the correct form of an alternative hypothesis in…

Q: Your flight has been delayed: At Denver International Airport, 70% of recent flights have arrived on…

A: Based on the calculations: (a) The probability that each one of the 10 flights had been on time is…

Q: 1. Foresters want to estimate the average age of trees in a stand. Determining age is cumbersome…

A: Ratio estimate = 117.620Standard error of the estimate = 3.976Regression estimate is 118.363Standard…

Q: Let X be a random variable with sample space {1,2,3} and probability distribu- tion (). Find a…

A: The x is random variable with sample space { 1, 2, 3}Know that,

Q: Using the table below, with a smoothing constant of a = 0.10, forecast income for Week 11 using…

A: The data of 10 weeks is given.Want to estimate for week 11 using exponential smoothing with a…

Q: 2 Exercise 13. Let X1,..., Xn ~N(x, 02) i.i.d. and Y₁,..., Yn ~N(μy, σ2) i.i.d. with known σ². We…

A: Hi! Thank you for the question. As you have posted multiple sub-parts, according to our policy, we…

Q: The heights of 1000 students are approximately normally distributed with a mean of 173.8 centimeters…

A: Given,Mean, μ = 173.8Standard deviation, σ = 6.5Number of samples = 300Sample size, n = 25Let X be a…

Q: A manufacturer obtains clock - radios from three different subcontractors: 40% from A, 30% from B,…

A: Given,A manufacturer obtains clock - radios from three different subcontractors: 40% from A, 30%…

Q: In simple linear regression of a sample of 25 data points, if the standard deviation of residuals…

A: The objective of this question is to determine the possible values of correlation when the standard…

Q: A random sample of n = 12 four-year-old red pine trees was selected, and the diameter (in inches) of…

Q: The effectiveness of a blood-pressure drug is being investigated. An experimenter finds that, on…

A: From the provided information,sample size (n) = 889Sample mean () = 40.4Sample standard deviation…

Q: An incomplete computer output is shown below. One-waya ANOVA Source DF SS MS 0 Treatments Error 20…

A: The formula of the F test statistic is,where,MST denotes the Mean sum of squares due to…

Q: The mean SAT score in mathematics is 537. The standard deviation of these scores is 31. A special…

A: The objective of this question is to test the claim that the mean SAT score of graduates from a…

Q: Determine whether the following statement is true about p-value. A small p-value indicates a high…

A: The objective of the question is to understand the relationship between the p-value and the…

Q: The workers' union at a certain university is quite strong. About 94% of all workers employed by the…

A: (e) Estanete the number of workers in the sample who are union members by giving the mean of the…

Q: Suppose {Y} is a stationary process and we observe the values Y₁ = 6, Y₂ = 5, Y3 = 4, Y₁ = 6, Y5 4.…

A: answer is explained in explanation sectionExplanation:

Q: This question is meant to showcase boxplot function. Don't assign it! The highway mileage (mpg) for…

A: The data is given as…

Q: can someone help with this question

A: 1) Here, the value of the population mean is unknown.Best estimate of this value = sample mean = 45…

Q: Find each of the following probabilities for a normal distribution. (Hint: use the three step method…

A: Given that a distribution is normally distributed We have to find Z > .25Z > -.75Z < 1.20Z…

Q: 11) In a test of the Atkins weight loss program, 27 individuals participated in a randomized trial…

A: 90% Confidence interval of the mean weight loss for all such subjects is (5.524,8.676)…

Q: The time required for an automotive center to complete an oil change service on an automobile…

A: Mean()=19standard deviation()=3

Q: t sales 1 324 23 2 245 256 4 567 5 346 16 357 7 357 68 257 9 1678 What is the regression trend…

A: Sales = 33.77 + (90.73*t) Explanation:I will use Excel for run a regression analysis, here are the…

Q: survey on supernatural experiences, surveye they ghost. (a) What assumption must be made in order…

Q: Derive a modified formula for E(S) and Var(S), where S denotes the total claim size, when the number…

A: In the given situation,S represents the total claim size.The number of claims per year follows a…

Q: Prescription Drug Abuse Seven in ten Americans recognize that prescription drug abuse is a treatable…

Q: Suppose you calculate a 95% and 90% confidence interval for the true proportion of college students…

A: The objective of the question is to understand the relationship between the width of the confidence…

Q: The figure to the right shows the results of a survey in which 1004 adults from Country A, 997…

A: 0.281 0.339Explanation:the confidence interval is given byp^±Zcnp^(1−p^)…

Q: The two intervals (114.9, 115.5) and (114.6, 115.8) are confidence intervals (computed using the…

A: The μ is the true average resonance frequency (in hertz) for all tennis rackets of a certain…

Q: 29. Suppose X1, X2, X3 are a random sample of size 3 from a distribution with pdf f(x) = (1/0)ex/0…

Q: In a survey of 658 lesbian, gay, bisexual, or transgender adults in a certain country, 427 said that…

A: A 90% confidence interval for the population proportion is (0.618, 0.680). Interpretation: We are…

Q: The following table represents the results of the study which compares effects of regular coffee vs…

A: The objective of this question is to calculate the risk difference (RD) in a study comparing the…

Q: A sample is selected from a normal population with a mean of µ = 40. If the sample mean is M = 45,…

A: The objective of this question is to determine the conditions under which a sample mean would be…

Q: The scores on a placement test given to college freshmen for the past 5 years are approximately…

A: The scores on the placement test follows a normal distribution with mean 76 and variance 6.

Q: A factory received a shipment of 34 flanges, and the vendor who sold the items knows there are 7…

A: a. The probability of the samples that are defective out of 7 samples selected is 53796161.b.The…

Q: Milan$

A: The probability that the sample mean of n = 75 be greater than 212 is 0.0096. Yes, the sample mean…

Q: 12

A: (a) The fuel efficiency (mpg) of an automobile - Continuous(b) The distance a person throws a…

Q: From previous studies, it is concluded that 30% of workers were employed from internet resume sites.…

A: Preliminary:1) Yes 2) np(1 - p) = 63 Test the claim:1) Null and alternative…

Q: = Forty observations were used to estimate y Be +B1x1 + B2x2 +. The regression results are shown in…

A: Consider the given regression results:

Q: In an article appearing in Today's Health a writer states that the average number of calories in a…

A: The objective of this question is to compute the z or t value of the sample test statistic. This is…

Q: TABLE 1: Carson Participant Height (inches) Weight (pounds) 1 66 140 2 75 160 3 66 250 4 74 220 5 55…

A: Given data table is,ParticipantHeight (inches)Weight (pounds)166140275160366250474220555212

Q: 11

A: a) What is the probability that a call is not for medical assistance? To find the probability that a…

Q: Answer asap accurately The following table gives the joint probability distribution of the speed of…

A: Let C denote the speed of a carand A denote the incidence of an accident (A)If A =0 when no…

Q: One thousand randomly selected adult Americans participated in a survey. When asked "Do you think it…

A: We have given that 1,000 randomly selected Americans participated in a survey.Sample size n=1000The…

Q: What of the following is not a correct comparison among the Z-distribution and all the…

A: The objective of the question is to identify an incorrect comparison between the Z-distribution and…

Question

Question content area top

Part 1

39.639.6%

of consumers believe that cash will be obsolete in the next 20 years. Assume that

consumers are randomly selected. Find the probability that fewer than

of the selected consumers believe that cash will be obsolete in the next 20 years.

Video Video

AI-Generated Solution

AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.

Unlock instant AI solutions

Tap the button
to generate a solution

Click the button to generate
a solution

SEE SOLUTION

Question content area top Part 1 39.639.6​% of consumers believe that cash will be obsolete in the next 20 years. Assume that 77 consumers are randomly selected. Find the probability that fewer than 33 of the selected consumers believe that cash will be obsolete in the next 20 years.

Question content area top

Part 1

Question content area top Part 1 39.639.6% of consumers believe that cash will be obsolete in the next 20 years. Assume that 77 consumers are randomly selected. Find the probability that fewer than 33 of the selected consumers believe that cash will be obsolete in the next 20 years.