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Tyler has $600 to spend at a bicycle store for some new gear and biking outfits. Assume all prices listed include tax. He buys a
1 answer:
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Answer:
a)
b)
c)
d)
And the dsitribution that satisfy this is
Step-by-step explanation:
Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
Let X the random variable of interest, on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
Part a
Part b
The expected value is givn by:
Part c
For the standard deviation we have this:
Part d
For this case the sample size needs to be higher or equal to 9. Since we need a value such that:
And the dsitribution that satisfy this is
We can verify this using the following code:
"=1-BINOM.DIST(3,9,0.75,TRUE)" and we got 0.99 and the condition is satisfied.
Answer: OPTION A
Step-by-step explanation:
The equation of the line in slope-intercept form is:
Where m is the slope and b the y-intercept.
Solve for y from each equation:
As you can see the slope and the y-intercept of each equation are equal, this means that both are the exact same line. Therefore, you can conclude that the system has infinitely many solutions.