Calculating probability from binomial random variable

Reference no: EM13104021

Assume that 12 percent of adults in this country have filed for bankruptcy at some point in their life. If an independent sample of 20 adults is selected find the probability that fewer than 5 will have filed for bankruptcy at some point in their life.

Reference no: EM13104021

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Calculating probability from binomial random variable : Assume that 12 percent of adults in this country have filed for bankruptcy at some point in their life.

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