For two binomial random variables, one with p = 0.3 and the other with p = 0.7, which one would have the higher value at the 50t
h percentile of the associated distribution?
a. 0.7
b. 0.3
c. Need More Information
d. Neither, the Values Would be Equal
1 answer:
Answer:
d
Step-by-step explanation:
To use the binomial distribution, we need p and 1 - p
and so, since 1-0.3 is same as 0.7
for the 50th percentile, we have that the values of the two are equal
The 50th percentile in this case is that probably, we are selecting 50 out of a total of 100
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So we need to first do $75 + $35 = $110 then take $110 * "10% which is 0.1" 'so $110 *0.1 = $11 so $11 is the tax
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