According to a 2018 survey by Bankrate, 20% of adults in the United States save nothing for retirement (CNBC website). Suppose that twenty-one adults in the United States are selected randomly. What is the probability that more than five of the selected adults save nothing for retirement

Answers

Answer 1

Answer:

0.769296

Step-by-step explanation:

The desired probability can be calculated from binomial probability distribution because there are 21 independent trials and probability of success(saving nothing for retirement) 0.2 remains same for each trial. Here, n=21 and p=0.20. We want to compute P(X>5).

The pdf of binomial distribution is

P(X=x)=nCx(p)^x(1-p)^(n-x)

P(X>5)=1-P(X≤5)

P(X≤5)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)

P(X=0)=21C0*(0.2)^0*(1-0.2)^(21-0)=0.009223

P(X=1)=21C1*(0.2)^1*(1-0.2)^(21-1)=0.048423

P(X=2)=21C2*(0.2)^2*(1-0.2)^(21-2)=0.121057

P(X=3)=21C3*(0.2)^3*(1-0.2)^(21-3)=0.191673

P(X=4)=21C4*(0.2)^4*(1-0.2)^(21-4)=0.215632

P(X=5)=21C5*(0.2)^5*(1-0.2)^(21-5)=0.183287

P(X≤5)=0.009223+0.048423+0.121057+0.191673+0.215632+0.183287

P(X≤5)=0.769296

P(X≤5) can also be computed by using excel function BINOM.DIST(5,21,0.2,TRUE) which results in

P(X≤5)=0.769296.

Answer 2

The probability that more than five of the selected adults save nothing for retirement is; P(X > 5) = 0.239928

We are told that 20% of adults in the US save nothing for retirement. Thus;

p = 20% = 0.2

21 adults are selected randomly. Thus;

n = 21

Probability that more than five of the selected adults save for retirement is gotten from formula for binomial probability distribution which is;

P(X = x) = nCx × p^(x) × (1 - p)^(n - x)

Thus;

P(X > 5) = 1 - P(X ≤ 5)

Where;

P(X ≤ 5) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5)

P(X = 0) = 21C0 × 0.2^(0) × (1 - 0.2)^(21 - 0) =

0.009223

Using online binomial probability calculator, we can find the remaining as;

P(X = 1) = 0.048423

P(X = 2) = 0.121057

P(X = 3) = 0.191673

P(X = 4) = 0.215632

P(X = 5) = 0.183287

Thus;

P(X ≤ 5) = 0.048423 + 0.121057 + 0.191673 + 0.215632 + 0.183287

P(X ≤ 5) = 0.760072

Thus;

P(X > 5) = 1 - 0.760072

P(X > 5) = 0.239928

Read more about binomial probability distribution at; https://brainly.com/question/24239758


Related Questions

what is 8 times 0.9 equal

Answers

Answer:

7.2

Step-by-step explanation:

The Arizona Department of Transportation wishes to survey state residents to determine what proportion of the population would like to increase statewide highway speed to 75 from 65 mph. At least how many residents do they need to survey if they want to be at least 99% confident that the sample proportion is within 0.05 of the true proportion

Answers

Answer:

The answer is "6.635776".

Step-by-step explanation:

If the proportion estimation is not given, then the approximate is true. So, it is in the top condition, which referring its overall error margin that is equal to 0.5.  

Therefore the margin of error=0.05   With z=2.576  

[tex]\to 0.05=2.576 \times \sqrt{(0.05 \times \frac{0.05}{N})}\\\\\to 0.05=2.576 \times \sqrt{( \frac{0.0025}{N})}\\\\\to \sqrt{N}= \frac{2.576 \times 0.05}{0.05}\\\\\to \sqrt{N}= 2.576[/tex]

square the above equation:

[tex]\to (N)^2= (2.576)^2\\\\\to N^2= 6.635776\\\\[/tex]

So the number of required residents=6.635776

2. During a trip, Dawn rented a car for an initial fee of $20 plus $2 per mile. The total charge comes
to $40. Which equation can be used to calculate the number of miles that Dawn drove the rental
car?

Answers

Answer:

2x+20=40

Step-by-step explanation:

40

Step-by-step explanation:

i did 20x2=40 to find the answer

Find two numbers who’s product is 132 and whose sum is 23

Answers

Answer : The two numbers are 11 and 12.

use the graph if y=f(x) below to find f(4)

Answers

Answer:

there is no graph. can you edit the question?

Answer:

Ok:

Step-by-step explanation:

Welp, I don't see the graph but I can tell you what to do. You find x = 4, and draw a vertical line up. Once your line reaches the graph, see what the y value is. If the question is nice, you should get an exact integer number

Help!Asap!
The Surface areas of the two solids shown above are equal
A.true
B.false

Answers

Answer:

False

Step-by-step explanation:

For the one on the left I got 234 and the one on the right I got 248

I think the answer is false:)

Someone please help!!!!!!

Answers

Answer:4/5 > 5/7 > 3/8 > 1/3 > 2/7

Step-by-step explanation: just make them all one denomator and do the greatest to least greatest

The ratio of blue paint to yellow paint in a certain color of green paint is 2.1. A painter wants a total of 14 quarts of green paint Blue paint is

$16.64 per quart and $34.96 per gallon. Buying the least amount needed, how much will it cost to purchase the blue paint in the most economic

way?

Answers

Answer:

The blue paint with a unit price of [tex]34.96\,\frac{USD}{gal}[/tex] is the most economic option for the painter. (Cost: [tex]x = 8.74\,\frac{USD}{qt}[/tex])

Step-by-step explanation:

Both gallon and quart are capacity units, we must keep in mind that a gallon equals 4 quarts. We need to convert each price in the same units. In this case, we decided to use US dollars per quart as our reference unit. Hence:

Blue paint 1 ([tex]16.64\,\frac{USD}{qt}[/tex])

No unit conversions are needed.

Blue paint 2 ([tex]34.96\,\frac{USD}{gal}[/tex])

We proceed to the following conversion:

[tex]x = 34.96\,\frac{USD}{gal}\times \frac{1\,gal}{4\,qt}[/tex]

[tex]x = 8.74\,\frac{USD}{qt}[/tex]

The blue paint with a unit price of [tex]34.96\,\frac{USD}{gal}[/tex] is the most economic option for the painter. (Cost: [tex]x = 8.74\,\frac{USD}{qt}[/tex])

What is the value of the number 8 in 4,850,23
?

Answers

Answer:

800,000.

Step-by-step explanation:

The 8 is in the hundred thousands place.

Suppose that Elsa and Frank determine confidence intervals based on the same sample proportion and sample size. Elsa uses a larger confidence level than Frank. How will midpoint and width of confidence intervals compare

Answers

Answer:

elsa's interval width will be greater than that of frank

Step-by-step explanation:

first of all we are told that both Elsa and Frank have the same sample proportion so their midpoint is also going to be the same.

now as the confidence level goes higher, so also would the margin of error increase. then the width of the confidence interval would rise so it can be more confident.

from this question elsa has a larger confidence level therefore her intervals width will be greater than franks own.

The Sweet Shoppe sells a half-dozen cupcakes for $16.50. The Cupcake Factory sells a dozen cupcakes for $30.00. Jameska purchases two cupcakes from each shop. What is the difference in the purchases?

The difference in the purchases is $
.

Answers

Answer:

$1.50

Step-by-step explanation:

The cost of half of dozen of cupcakes at Sweet Shoppe = $16.50.

The cost of a dozen cupcakes at Cupcake factory = $30.00. Therefore the  cost of half a dozen cupcakes at Cupcake factory = $30.00 / 2 = $15.00

The difference in purchases =  cost of half a dozen cupcakes at Sweet Shoppe - cost of half of dozen of cupcakes at cupcake factory

The difference in purchases = $16.50 - $15.00 = $1.50

This means that their is a difference of $1.50 for half a dozen cupcakes between the Sweet Shoppe and cupcake factory.

Which of the following words is defined as “the study of hearing”? audiology audiologist audiometer audio

Answers

Answer:

audiology

Step-by-step explanation:

Because.

Answer:

A is correct

Step-by-step explanation:

I hope you find it in your heart to give me brainliest

S is the midpoint of RT. RS=x2 and ST= 8-2x. Find both values of x.

Answers

Answer:

x = -4 or 2

Step-by-step explanation:

We are told that S is the midpoint of RT.

Thus; RS = ST.

Now we are told that RS = x² and ST = 8 - 2x

Thus;

x² = 8 - 2x

x² + 2x - 8 = 0

Using quadratic formula;

x = [-2 ± √(2² - 4(1 × - 8))]/(2 × 1)

x = (-2 ± √36)/2

x = (-2 ± 6)/2

x = -4 or 2

Simplify: Negative two and one-third minus negative ten and one-sixth Negative twelve and one-half Twelve and one-half Seven and five-sixths Negative seven and five-sixths

Answers

Answer: Seven and five-sixths

Step-by-step explanation:

Simplify : Negative two and one-third minus negative ten and one-sixth

(-2 1/3) - (-10 1/6)

(-7/3) - (-61/6)

Take L. C. M of 3 and 6 =. 6

(-14) - (-61) / 6

(-14 + 61) / 6

47/ 6

= 7 5/6 = Seven and five-sixths

Answer:

Answer: Seven and five-sixths

Step-by-step explanation:

Simplify : Negative two and one-third minus negative ten and one-sixth

(-2 1/3) - (-10 1/6)

(-7/3) - (-61/6)

Take L. C. M of 3 and 6 =. 6

(-14) - (-61) / 6

(-14 + 61) / 6

47/ 6

= 7 5/6 = Seven and five-sixths

Step-by-step explanation:

Its late and i need this pls









Gretchen made a paper cone to hold a gift for a friend. The paper cone was 11 inches high and had a radius of 4 inches. Find the volume of the paper cone to the nearest tenth. Use 3.14 for π.


The volume is ___in^3

Answers

Answer:

184.2 in^3

Step-by-step explanation:

vol of cone=

[tex]\pi {r}^{2} \frac{h}{3} [/tex]

[tex]3.14 \times 16 \times \frac{11}{3} [/tex]

=184.2

Ms. Lynch needs to ship 89 boxes. 47 boxes weigh 150 pounds each. Each of the other boxes weighs 210 pounds. Mia says that all 89 boxes can fit into one container. She reasons that 47x150 is less than 7,500 and 42x210 is a little more than 8,000, so the sum of their weights should be less than 15,000. Do you agree? Explain your reasoning.

Answers

Answer:

No . Mia states that the sum of the weights should be less than 15,000 .

Step-by-step explanation:

42x150=7050

   

42x210=8820

7050 + 8820 = 15,870 which is not less than 15,000

A right triangle has one 40° angle. Find the other two angles.
° (smaller value)
° (larger value)

Answers

a triangle = 180°

one angle = 90°
second angle = 40°
third angle = 50°

Simplify (-4/5)divided by (3/-2). -8/15 -6/5 6/5 8/15

Answers

Answer:

8/15

Step-by-step explanation:

-4/5 ÷ -3/2

Copy dot flip

-4/5 * -2/3

Multiply the numerators

8

Multiply the denominators

15

Put the numerator over the denominator

8/15

Answer: 8/15

Step-by-step explanation: (-4/5)divided by (3/-2) is 8/15.

Find the average height of the building shown in the table hint to find the average of the values and divide the number of value​

Answers

In order to find the average, you need to sum all values and the result divided by the number of values.

For example, let's say that you have these values: 2, 3, 4, 5 ,5 ,6 ,7.

The first

The second step is divide this result by the number of values:  

Hence, the average for this example is 4.6.

What is the opposite of -2
A: -1/2
B:0
C:2

Answers

c is the opposite of -2 on a number line

Answer: C

The opposite value of -2 is 2 because:

Remove the minus sign from the number 2. Take it and it is your answer.

Hope this answer helps!

The side lenghts of Triangle B are all 5 more than the side lengths of Triangle A.Can Triangle B be a Scaled copy of Triangle A? Yes Or No

Answers

Answer:

No

Step-by-step explanation:

Scaling is the procedure for either increasing or decreasing the size of a given object. While a scale is the representative fraction used for the purpose.

scale = [tex]\frac{length on drawing}{original length}[/tex]

For triangle B to be a scaled copy of triangle A,

scale = [tex]\frac{5}{1}[/tex]

         = 5:1

This is an enlarged scale, therefore each side of triangle A should be multiplied by 5 not increased by 5.

Triangle B is not a scaled copy of triangle A.

A robot can complete 7 tasks in 2/3 hour. Each task takes the same amount of time. How long does it take the robot to complete one task? How many tasks can the robot complete in one hour?

Answers

Answer:

a. is 2/21 hours to complete one task

b. is 10 1/2 tasks in one hour

Robot takes 2/21 hour to complete the task.

In one hour, robot complete 21/2 task.

What is ratio?

Ratio basically compares quantities, that means it show value of one quantity with respect to other quantity.

If a and b are two values, their ratio will be a:b,

Given that,

Time taken to complete 7 tasks = 2/3 hours.

To find the time taken to complete one task and tasks that completed in one hour,

Use ratio method,

7 tasks take = 2/3 hours

1 task takes = 2/(3 x 7) = 2 / 21 hours.

In 2/3 hours = 7 tasks completed,

1 hour = 21/2 tasks.

In one hour, 21/2 tasks can be completed.

To know more about Ratio on:

https://brainly.com/question/23724140

#SPJ5

Which situation could be represented by the equation - 30+30 = 0?
Rita bought a hat for $30. She then bought some headphones for $30.
Donna loaned $30 to her brother. He then paid her back $30 the next day.
Wen drove 30 miles to the library. She then drove 30 more miles to her college.
Mika filled a tank with 30 gallons of water. She then filled the tank with 30 more gallons.
O​

Answers

Answer:

"Donna loaned $30 to her brother. He then paid her back $30 the next day" is the correct situation

Are these triangles congruent? If so, name the triangle congruence method.

Answers

Answer:

The answer you chose is correct

Step-by-step explanation:

Organic hot dogs at the grocery store cost $2.00 each. At a major league baseball game, an organic hot dog costs $6.50. How much does the baseball field mark up its organic hot dogs?

Answers

Answer: 4.50

Step-by-step explanation:

6.50 minus 2.00 is 4.50

Calendar

Mr. Torrence goes to La Jalpita to buy rolled ice cream. An ice cream with no toppings is $2.50 and

every topping is priced at $0.29 each. Show your work and justify your answers.

Files

a) Write an algebraic equation to find the total cost (C) for ice cream depending on (t), the number of

toppings. Label the variables.

...

Equation: C=0.295 +2.50

b) Using the equation you wrote, calculate (algebraically) how many toppings Mr. Torrence can buy if

he wants to spend only $4.00 on it?

func

Apps

al

1

Answer: Mr. Torrence can get

toppings if he only has $4.00 to spend.

Help

tan

Page 1 of 2

329 words

English (U.S.)

100% +

Give Feedback to Microsoft

Answers

Answer:

(a) C = 0.29t + 2.50

(b) 5

Step-by-step explanation:

The variables are defined as follows:

t = the number of  toppings

C = total cost for ice cream

It is provided that:

An ice cream with no toppings is $2.50.Every topping is priced at $0.29 each.

(a)

The algebraic equation to find the total cost for ice cream depending on the number of  toppings is:

C = 0.29t + 2.50

(b)

Compute the number of toppings Mr. Torrance can buy if  he wants to spend only $4.00 on it as follows:

C = 0.29t + 2.50

4.00 = 0.29t + 2.50

0.29t = 4.00 - 2.50

0.29t = 1.50

t = 5.1724

t ≈ 5

Thus, Mr. Torrance can buy 5 toppings.

Help me with this question pleasee

Answers

Answer:

√23 = a

Step-by-step explanation:

/ab/²= /ac/²+/bc/² (Pythagoras theorem)

12² = a² +11²

144 = a² + 121

144 - 121 = a²

23 = a²

√23 = a

Find the product of (x + 3)(x - 3)

Answers

Answer:

= x ^2-9 answer.,...,...,..

18+45-9(2)
Using order of operations

Answers

Answer:

45

Step-by-step explanation:

Answer:

45

Step-by-step explanation:

18 + 45 - 9(2)

PEM -> 18 + 45 - 18

AS -> 45 (18 and - 18 = 0)

Joe is the proud owner of Joe's Old Time BBQ Pit. He sells two types of BBQ sauce - Hot N' Spicy and Mild Mannered. Each gallon of Hot N' Spicy requires 2 quarts of tomato sauce and 2 cups of hot peppers. Each gallon of Mild Mannered requires 3 quarts of tomato sauce and 1 cup hot peppers. Joe makes a profit of $38 on each gallonof Hot N' Spicy and $35 profit on each gallon of Mild Mannered. He has 18 quarts of tomato sauce and 10 cups of hot peppers on hand. How many gallons of each type of BBQ sauce should he make to maximize his profits? ​

Answers

Answer:

P=$254

Step-by-step explanation:

let Hot N' Spicy be x

and Mild Mannered be y

  the objective function is

38x+35y=P

the constraints are

1. tomato sauce

2x+3y=18--------1

2. hot peppers

2x+y=10--------2

solving 1 and 2 we have

using substitution method

2x+y=10--------2

y=10-2x

put y=10-2x in eqn 1

2x+3(10-2x)=18

2x+30-6x=18

2x-6x=18-30

-4x=-12

x=12/4

x=3

put x=3 in eqn 2 we have

2(3)+y=10

6+y=10

y=10-6

y=4

He should make 3 gallons of Hot N' Spicy

and 4 gallons Mild Mannered

38(3)+35(4)=P

114+140=P

254=P

P=$254

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