For each Missourian, there are only two possible outcomes. Either they support the increase, or they do not. The probability of a Missourian supporting the increase is independent of other Missourians. 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.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

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

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

40% of Missourians favor increasing the minimum wage.

This means that $p = 0.4$

Twelve Missourians are selected at random and asked whether they support the increase.

This means that $n = 12$

Find the probability that exactly three of the twelve support the increase.

This is P(X = 3).

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$P(X = 3) = C_{12,3}.(0.4)^{3}.(0.6)^{9} = 0.1419$

14.19% probability that exactly three of the twelve support the increase.

7 0

3 years ago

A $7000 motorcylce depreciates at 10% each year. Which value would represent the initial amount of the exponential function that

gayaneshka [121]

The "initial amount" is $7,000, the price of the motorcycle when new.

The exponential function in question is V = $7000(1-0.1)^n, where n is the number of years elapsed since the purchase of the cycle.

3 0

4 years ago