MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The Employee Benefit Research Institute reports that 69% of workers reported that they and/or their spouse had saved some money for retirement.
If a random sample of 30 workers is taken, what is the probability that fewer than 17 workers and/or their spouses have saved some money for retirement?
If a random sample of 50 workers is taken, what is the probability that more than 40 workers and/or their spouses have saved some money for retirement?
How the results in (a) & (b) are different from each other?
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