Suppose a random variable, x, arises from a binomial experiment. if n = 14, and p = 0.13, find the p(x = 3) using excel. round answer to 4 decimal places.

0.1728

Step-by-step explanation:

We know that the random variable, X, arises from a binomial experiment, besides n = 14 and p = 0.13, so, q = 1 - p = 1 - 0.13 = 0.87. For a particular value x, we can compute the probability P(X = x) as , therefore, . You can copy and paste the next instruction in excel to find the answer =COMBIN(14, 3)*0.13^3*0.87^11

$97520

step-by-step explanation:

add 6% to the value she got from selling the house.