Answer:
5.96% probability that exactly 3 people in the sample are afraid of being alone at night.
Step-by-step explanation:
For each person, there are only two possible outcomes. Either they are afraid of being alone at night, or they are not. The probability of a person being afraid of being alone at night is independent of any other person. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

In which
is the number of different combinations of x objects from a set of n elements, given by the following formula.

And p is the probability of X happening.
5% of Americans are afraid of being alone in a house at night.
This means that 
If a random sample of 20 Americans is selected, what is the probability that exactly 3 people in the sample are afraid of being alone at night.
This is P(X = 3) when n = 20. So


5.96% probability that exactly 3 people in the sample are afraid of being alone at night.
Answer:

Step-by-step explanation:
=> 
=> 
=> 
=> 
To change a percent to a fraction, you remove the percent sign and put the given number over 100. For example, if you are given 78%, it would be 78/100 or 39/50
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129