MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A company is in the business of finding addresses of long-lost friends. The company claims to have a 77% success rate. Suppose that you have the names of five friends for whom you have no addresses and decide to use the company to track them.

 
(a) Find the mean and standard deviation of this probability distribution. What is the expected number of friends for whom addresses will be found? (Round your answers to two decimal places.)
? =  friends
? =  friends

(b) What is the smallest number of names would you have to submit to be at least 96% sure that at least two addresses will be found? (Enter your answer as a whole number.)
 names
Expert Solution
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Step 1

Given that the success rate of finding addresses is 77%

Therefore, p = The probability of success = 0.77

q = probability of failure = 1 - p = 1 - 0.77 = 0.23

 

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