Determine whether the following probability experiment represents a binomial experiment and explain the reason for your answer.
1 answer:
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Answer:
30% probability a randomly selected household has no Internet access given the household owns corporate stock
Step-by-step explanation:
I am going to say that we have two events.
Event A: Owning corporate stock. So P(A) = 0.54.
Event B: Having no internet access. So P(B) = 0.3.
Since they are independent events, we can apply the conditional probability formula, which is:
In which
P(B|A) is the probabilitty of event B happening given that A happened. We want to find this.
is the probability of both events happening.
Since they are independent
So
30% probability a randomly selected household has no Internet access given the household owns corporate stock