Mathematics, 25.02.2021 19:50 Gladistshiala267
Suppose that 24% of companies in the manufacturing sector of the economy have announced plans to expand in the next year (and the other 75% will not). In a sample of 20 companies chosen at random drawn from this population, find the probability that the number of companies which have announced plans to expand in the next year will
I) Precisely two
ii) Fewer than two
iii) Two or more
Use Binomial distribution in Computation
Answers: 3
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Suppose that 24% of companies in the manufacturing sector of the economy have announced plans to exp...
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