Find the probability that among 20 randomly selected adults

Assignment Help Business Economics
Reference no: EM132184451

Based on a Bellowes survey of adults, there is a 0.48 probability that a randomly selected adult uses a tax preparer to file taxes. Find the probability that among 20 randomly selected adults, exactly 12 use tax preparers to file their taxes.

Reference no: EM132184451

Questions Cloud

Which of the two major parties and their candidates had : Which of the two major parties and their candidates had the best plan for the African-American community? Why?
What are the lower and upper bounds of confidence interval : What are the lower and upper bounds of your confidence interval?
What in the speech speaks to you : What does the section tell you about Barack Obama, the candidate and/or the President?
?what is the value of the test statistic : What is the value of the test statistic? What is the P-value?
Find the probability that among 20 randomly selected adults : Find the probability that among 20 randomly selected adults, exactly 12 use tax preparers to file their taxes.
Joint probability density function : Suppose that X and Y are jointly continuous with joint probability density function.
Estimate the mean cholesterol levels of patients : You wish to estimate the mean cholesterol levels of patients two days after they had a heart attack.
Describe the relation between virtue and pleasure : How does Aristotle describe the relation between virtue and pleasure? Give and explain one direct quote from the reading as part of your response.
Calculate the mean and the standard deviation : Exam Grade Number of Students 7 1 6 4 5 4 4 4 3 4 Calculate the Mean and the Standard deviation for these scores.

Reviews

Write a Review

Business Economics Questions & Answers

  What happens to a pharmaceutical company revenues and profit

Using supply and demand and competitive analyses, explain what happens to a pharmaceutical company's revenues and profits from an individual drug once it loses its patent protection.

  What issues will dominate the coming agendas

Describe the current European union its expanded membership and its problem and prospects for year 2015 what keeps so many disparate countries together"? is there a European identity? will they continue to expand? What issues will dominate the coming..

  The tax increases necessary to fund future social security

The tax increases necessary to fund future Social Security and Medicare benefit payments would be. Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that ..

  What is the price level and what is the velocity of money

Suppose that this year’s money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. What is the price level? What is the velocity of money? Suppose that velocity is constant and the economy’s output of goods and services ..

  At a time when demand for ready-to-eat cereal was stagnant

at a time when demand for ready-to-eat cereal was stagnant a spokesperson for the cereal maker kelloggs was quoted as

  What is the probability that the sample mean

A population has a mean of 50 and a standard deviation of 19. If a random sample of 64 is taken, what is the probability that the sample mean is each.

  Economics book faces demand curve

A firm that sells an economics book faces a demand curve: Calculate how many economics books will be demanded from the first firm and how many chemistry books will be demanded from the second firm. Calculate the point price elasticities of demand for..

  Draw budget line for the individual

Suppose that an individual has an income of $400 all of which he/she spends on two goods Y and X. If he/she spends all of his/her income on Y, the maximum amount of Y he/she can consume is 100 units. Draw a budget line for the individual and show whe..

  What is the most likely source of the wage

In the land of Chin there are two distinct and equally numerous peoples: Yins and Yans. The Yang have historically been stronger and more aggressive that the Yins. What is the most likely source of the wage differential between the Yin and Yan paddle..

  Determine the number of possible combinations

Managers have submitted the top 20 proposals for consideration. Determine the number of possible combinations.

  Can you illustrate an example of product differentiation

Can you illustrate an example of product differentiation? Is this product differentiation important to the sellers and buyers?

  Find the demand-marginal revenue and marginal cost curves

A pharmaceutical firm faces the following monthly demands in the U.S. and Mexican markets for one of its patented drugs: Find the demand, marginal revenue, and marginal cost curves for each market. Estimate the profit-maximizing prices and quantities..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd