Standard error (SE)
Or
Therefore, SE of the mean = (8)/(2) =4
Or
Therefore, SE of the mean = (8)/(2) =4
Cindy was asked by her teacher to subtract 3 from a certain number and then divide the result by 6.Instead she subtracted 6 and
2 answers:
You might be interested in
Answer:
The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.
Step-by-step explanation:
We can model this with a binomial random variable, with sample size n=20 and probability of success p=0.08.
The probability of k online retail orders that turn out to be fraudulent in the sample is:
We have to calculate the probability that 2 or more online retail orders that turn out to be fraudulent. This can be calculated as:
The probability that there are 2 or more fraudulent online retail orders in the sample is 0.483.