Consider the two savings plans below. Compare the balances in each year after 14 years. Which person deposited more money in the
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Answer:
The mean of X is 122.5 and the standard deviation is 7.9.
Step-by-step explanation:
For each adult, there are only two possible outcomes. Either they believe that the overall state of moral values is poor, or they do not believe this. The probability of an adult believing this is independent of other adults. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
The expected value of the binomial distribution is:
The standard deviation of the binomial distribution is:
In this problem, we have that:
So
The mean of X is 122.5 and the standard deviation is 7.9.