11. Your realized income is $3,167.89/month, and your fixed expenses are $954.32/every 2 weeks. If you save 50% of your discreti
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Z=kx/y
7.9=k11/14
Cross multiply
K11=7.9x14
K =7.9x14/11
K=10.1
........
Z= kx15/22
Z=10.1x15/12
Z=12.625
Answer:
The probability that exactly 30% of these 10 telephone users do not have landlines in their homes is 0.2668.
Step-by-step explanation:
We are given that a recent survey found that 30% of telephone users have switched completely to cell phone use (i.e. they do not have landlines in their homes).
A random sample of 10 of these customers is selected.
The above situation can be represented through binomial distribution;
where, n = number of trials (samples) taken = 10 customers
r = number of success = 30% of 10 = 3
p = probability of success which in our question is the probability
that telephone users do not have landlines in their homes,
i.e. p = 30%
Let X = <u><em>Number of telephone users who do not have landlines in their homes</em></u>
So, X ~ Binom(n = 10, p = 0.30)
Now, the probability that exactly 30% of these 10 telephone users do not have landlines in their homes is given by = P(X = 3)
P(X = 3) =
=
= <u>0.2668</u>