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The Census Bureau's Current Population Survey shows that 28% of individuals, ages 25 and older, have completed four years of college ( The New York Times Almanac XXXXXXXXXXFor a sample of 15...

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The Census Bureau's Current Population Survey shows that 28% of individuals, ages 25 and older, have completed four years of college ( The New York Times Almanac XXXXXXXXXXFor a sample of 15 individuals. ages 25 and older, answer the following questions: a. What is the probability that four will have completed four years of college? b. What is the probability that three or mare will have completed four years of college?

 

Answered Same Day Dec 25, 2021

Solution

Robert answered on Dec 25 2021
117 Votes
A
It is given that, the probability that an individual ages 25 years and above have studied for 4 is 28%.
The probability that four will have completed four years of college will be calculated by binomial
probability:
We know,
P(X=x) = nCx * (p)
x
* (1-p)
(n-x)
Given, n = 15
p=...
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