According to a Wall Street Journal article, 80% of all U.S. households have a laptop or destock computer. (Tip: Binomial Distribution) a) If you call 10 households at random, what is the probability that less than four households have a laptop or destock computer? b) For a sample of 30 households, find the expected value and the standard deviation of the number of households with laptop or destock computers.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
icon
Related questions
Topic Video
Question
1) According to a Wall Street Journal article, 80% of all U.S. households have a laptop or
destock computer. (Tip: Binomial Distribution)
a) If you call 10 households at random, what is the probability that less than four
households have a laptop or destock computer?
b) For a sample of 30 households, find the expected value and the standard deviation of
the number of households with laptop or destock computers.
Transcribed Image Text:1) According to a Wall Street Journal article, 80% of all U.S. households have a laptop or destock computer. (Tip: Binomial Distribution) a) If you call 10 households at random, what is the probability that less than four households have a laptop or destock computer? b) For a sample of 30 households, find the expected value and the standard deviation of the number of households with laptop or destock computers.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Data Collection, Sampling Methods, and Bias
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning