Question

Suppose that 24% of companies in a certain sector of the economy have announced plans to expand in the next year (and the other 76% will not). In a sample of twenty companies chosen at random drawn from this population, where n=20. Find the probability that the number of companies which have announced plans to expand in the next year will be three or more.

Answer 1

Answer:

Suppose that 24% of companies in a certain sector of the economy have announced plans to expand in the next year (and the other 76% will not). In a sample of twenty companies chosen at random drawn from this population, where n=20. Find the probability that the number of companies which have announced plans to expand in the next year will be three or more.