Explain why this is a binomial experiment

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According to the American Community Survey, 27% of residents of the United States 25 years old or older had earned a bachelor degree. Suppose you select 12 residents of the United States 25 years old or older and recorded the number who had earned a bachelor degree. Round probabilities to 4 decimal places.

1. Explain why this is a binomial experiment.

2. Find and interpret the probability that exactly 5 of them had a bachelor degree.

3. Find and interpret the probability that fewer than 5 of them had a bachelor degree.

4. Find and interpret the probability that at least 5 of them had a bachelor degree.

5. Compute the mean and standard deviation of the binomial random variable.

Reference no: EM132351380

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