According to a 2018 survey by Bankrate, 20% of adults in the United States save nothing for retirement (CNBC website). Suppose that sixteen adults in the United States are selected randomly. What is the probability that three or less of the selected adults have saved nothing for retirement

Answers

Answer 1

Answer:

0.5981 = 59.81% probability that three or less of the selected adults have saved nothing for retirement

Step-by-step explanation:

For each adult, there are only two possible outcomes. Either they save nothing for retirement, or they save something. The probability of an adult saving nothing for retirement is independent of any other adult. This means that the binomial probability distribution is used to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

In which [tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

And p is the probability of X happening.

20% of adults in the United States save nothing for retirement (CNBC website).

This means that [tex]p = 0.2[/tex]

Suppose that sixteen adults in the United States are selected randomly.

This means that [tex]n = 16[/tex]

What is the probability that three or less of the selected adults have saved nothing for retirement?

This is:

[tex]P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3)[/tex]

In which

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{16,0}.(0.2)^{0}.(0.8)^{16} = 0.0281[/tex]

[tex]P(X = 1) = C_{16,1}.(0.2)^{1}.(0.8)^{15} = 0.1126[/tex]

[tex]P(X = 2) = C_{16,2}.(0.2)^{2}.(0.8)^{14} = 0.2111[/tex]

[tex]P(X = 3) = C_{16,3}.(0.2)^{3}.(0.8)^{13} = 0.2463[/tex]

[tex]P(X \leq 3) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) = 0.0281 + 0.1126 + 0.2111 + 0.2463 = 0.5981[/tex]

0.5981 = 59.81% probability that three or less of the selected adults have saved nothing for retirement


Related Questions

choose the expression that represents the fraction as a product of a whole number and a unit fraction 4/10​

Answers

Answer:

69

Step-by-step explanation:

trust me

25 points and brainliest for correct answer!!

Convert to standard form equation. Quadratics

Only the y=1/3x^2+2 and the y=-1/7x^2+12

Answers

Answer:

For the y=1/3x^2+2 the answer is For the second  one y=-1/7x^2+12 the answer is

Step-by-step explanation:

What is the area of a triangle with a base of 4.8 mm and a height of 3.7
mm? *

Answers

Answer:

8.88 square mm

Step-by-step explanation:

The formula for solving a triangle is base multiplied by height divided by 2 or 1/2(b)(h)

So by plugging in what you have, you'll get 1/2(4.8)(3.7) as your equation. 4.8(3.7) = 17.76 which simplifies your equation to 1/2(17.76) or 17.76/2.

17.76/2 = 8.88

So, the area of the triangle is 8.88 square millimeters.

1. A chess set has 32 pieces, 16 black and 16 white. In each color, there
are 8 pawns, 2 rooks, 2 Knights, 2 bishops, 1 queen and 1 king.

a. Find the probability that a piece selected at random is a white rook.
Explain how you found your answer.

b. How many ways can you choose one white piece and one black
piece? Explain how you found your answer.

c. How many ways can you choose 3 pieces from the 4 kings and
queens (black king, white king, black queen, white queen) to place
on 3 specific spaces on the chessboard? Is this a permutation or a
combination? Explain.

I REALLY NEED HELP WITH THESE AND FAST.

Answers

Answer:

I believe the answer is A.

Step-by-step explanation:

I don't really know how to really explain it tho

a. The probability that a piece selected at random is a white rook is 1/16.

b. 256 ways can you choose one white piece and one black piece.

c. 8 ways can you choose 3 pieces from the 4 kings and queens to place on 3 specific spaces on the chessboard.

Given that, a chess set has 32 pieces, 16 black and 16 white. In each colour, there are 8 pawns, 2 rooks, 2 knights, 2 bishops, 1 queen and 1 king.

What is the formula to find the probability of an event?

The formula to find the probability of an event is P(E)=Number of favourable outcomes/Total number of outcomes.

a. The probability that a piece selected at random is a white rook

=2/32=1/16

Therefore, the probability that a piece selected at random is a white rook is 1/16.

b. Number of ways can you choose one white piece and one black

piece=16×16=256

Each white piece can go with a black piece 16 times and the same the other way.

Hence, 256 ways can you choose one white piece and one black piece.

c. nPr=P(4,3)=4!/3=24/3=8 ways.

Hence, 8 ways can you choose 3 pieces from the 4 kings and queens to place on 3 specific spaces on the chessboard.

This is a permutation.

a. The probability that a piece selected at random is a white rook is 1/16.

b. 256 ways can you choose one white piece and one black piece.

c. 8 ways can you choose 3 pieces from the 4 kings and queens to place on 3 specific spaces on the chessboard.

To learn more about the permutation visit:

https://brainly.com/question/1216161.

#SPJ2

if you could please help​

Answers

Answer:

true, false, false, true.

Step-by-step explanation:

if you need explanation just comment

Answer:

The same as the person who has already answered

True, False, False, True

Step-by-step explanation:



The last problem is correct as it is green. The
First 2 are wrong. Help??

Answers

Answer:

Square root of 72 is 8.48.

Square root of 90 is 9.48

Square root of 72 is 8.48
Square root of 90 is 9.48

Which of the following has the greatest value?
A) 0.8
B) 0.45
C) 5/7
D) 0.647
E) 9/11

Answers

A
Because 0.8 is equaled to 8/10 which is greater than all
It’s A 0.8 hope you needed that

y = x2 – 3x + 2
use the discriminant to determine the number of solutions​

Answers

Answer:

2 real solutions

Step-by-step explanation:

The formula for determining the discriminant is b² - 4ac.

So, let's identify our variables.

a = 1

b = 3

c = 2

Now, we can plug in our values.

3² - 4(1)(2)

9 - 8

1

1 is the discriminant of this function, and since 1 is positive, this indicates that there are two distinct real number solutions.

Mj3mar gave the answer thanks to him I wouldn’t have got my question right

Factorise fully:
8p2 – 12pc
(2)​

Answers

Answer:

so im unsure if the (2) is in the equation so i have two answers

(with 2) 8p      (−3c+p)

(without 2) 4p(−3c+2p)

Step-by-step explanation:

(with 2)

Factor 8p2−12pc(2)

−24cp+8p2

=8p(−3c+p)

answer 1: =8p(−3c+p)

(without 2)

Factor 8p2−12pc

−12cp+8p2

=4p(−3c+2p)

answer 2: =4p(−3c+2p)

Suppose that you are examining the difference in ages between brides and grooms. You are interested in conducting a significance test to examine to address the theory that the bride is younger than the groom in more than half of all marriages. A sample of 100 couples were observed, for which 67 had a bride younger than the groom.
whats is the parameter? .
Step 2: The null hypothesis and alternative hypothesis?
Step 5: whats the p-value is:

Answers

Answer:

Parameter = 0.5

Null hypothesis : H0 : P0 = 0.5

Alternative hypothesis ; H0 : P0 > 0.5

Pvalue = 0.99966

Step-by-step explanation:

The parameter defines a statistical value or calculation which is derived from the population.

The parameter in this scenario is the population proportion, P0 which is 0.5

The scenario above describes a scenario to test the difference in population.

The null hypothesis, that bride and groom are of the same age ;

H0 : P0 = 0.5

The alternative hypothesis ; the bride is younger Than the groom in more than half of the population.

H1 : p0 > 0.5

To obtain the Pvalue :

Test statistic : (phat - P0) ÷ √(p0(1 -p0) / n)

Phat = x/n

x = 67 ; sample size, n = 100

Phat = x / n = 67/100 = 0.67

P0 = 1 - 0.5 = 0.5

Tstatistic = (0.67-0.50) ÷ √(0.5(0.5) / 100)

Tstatiatic = 0.17 ÷ 0.05

Tstatistic = 3.4

P-value : p(Z < 3.4) = 0.99966 (Z probability calculator).

Find the surface area of the rectangular prism:​

Answers

Answer: 430 cm²

Step-by-step explanation:

1) Front x Back=  15 x 7  x 2= 210 (We do time 2 because there are two of the same shapes ex. there are two squares that are both 16 ft so just do 16 x 2)

2) Right x Left=  7 x 5 x 2 = 70

3) Top x Bottom=  15 x 5 x2 = 150

4) Add. 150 + 210 + 70 = 430 cm²

Hope that helped! :)

Find the area of this circle and round to the nearest tenth. Help me pls

Answers

Answer:

201 in²

Step-by-step explanation:

area = πr² = (3.14)(8²) = 200.96 in²

PLEASE HELP options are in the picture
A game involves rolling a fair six-sided die. If the number obtained on the die is a multiple of three, the player wins an amount equal to the number on the die times $20. If the number is not a multiple of three, the player gets nothing.

How will you model the simulation for the roll of a die?

Answers

Answer: C. Use the numbers 1-3 to represent all the outcomes.

Step-by-step explanation: I got this question correct on Edmentum.

PLS HELP Find the value of x .

Answers

the answer is 6

8+10=18

12+?=18

12+6=18

B
15. x =
106
(10x -23)
D

Answers

9514 1404 393

Answer:

  x = 15

Step-by-step explanation:

Chords equidistant from the circle center subtend the same arc measure. The sum of the three arcs of the circle is 360°, so you can write the relation ...

  2(10x -23)° +106° = 360°

  2(10x -23) = 254 . . . . . . . . divide by °, subtract 106

  10x -23 = 127 . . . . . . . . . divide by 2

  10x = 150 . . . . . . . . . . add 23

  x = 15 . . . . . . . . . . . divide by 10

Which statement about all expressions is true? A All expressions contain only numbers. B All expressions are mathematical statements with an equal sign. C All expressions contain variables. D All expressions are mathematical phrases with no equal sign.​

Answers

Answer:

c

Step-by-step explanation:

Answer:

36 - 4

Step-by-step explanation:

(6x - 2)(6x + 2)

= (6x)(6x) + (6x)(-2) + (2)(6x) + (-2)(2)

= 36 - 12x + 12x - 4

= 36 - 4

Step-by-step explanation:

Fina bought a DVD player for $58.97 and a set of DVDs for $24.98. How much did Fina spend in all?

Answers

Answer: $83.95

Step-by-step explanation:

Hope this helps!

Use the recursive formula to answer the question.
a1=20
an=an−1−5
What is the 4th term in the sequence?

Answers

Answer:

5

Step-by-step explanation:

18 times 200 is how much


dont actually answer i just wanna talk

Answers

18 time 200 is 3600 that's it

Answer:

hey lily its Josh i just wanted to say im sorry for not talking to yu but i do still love and miss yu nd be careful ok and we need to catch up whenever ur free

Step-by-step explanation:

Please help for brainliest
No files!
10 points!

Answers

hi! so you just divide the amount of money by the nights and which ever is the lowest number that’s the cheapest motel hope that helps<3

Answer:

Simple division

Step-by-step explanation:

Take each total price and divide it by the number of nights stayed. Once you have your answer to all three, compare and the lowest number is your answer.

HELP ME WITH THISSS!!!!!!!!!!!!!!!!!!!

Answers

The answer is 138.5

austin bought a new car for $35,000. the car decreases in value 4% every year. how many years will it take for the cars value to be $20,000?

Answers

Answer:

2 years

bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb

please help I'll give brainliest

You are wrapping a cube shape present that is 1.5 feet tall. How much wrapping paper will you need to wrap the entire present?​

Answers

the answer is going to be 6.0

Step-by-step explanation:

1.5 + 1.5 = 3

3 + 3 = 6

BRAINLIEST if correct

Answers

Answer: The area of rectangle U is 12.

Step-by-step explanation:

We can solve this by finding the ratio of the two rectangle lengths which are given. We see that the ratio is 2/1. Now, from here you have two options to go. The first option is dividing 48 / 8 which is 6. Now you divide 6 / 2, because 2 is the scale factor. 6 / 2 = 3. 4 * 3 = 12, giving us the area of 12. Another way to do it is since the scale factor is 2, the ratio of the areas are the scale factor squared. 48 / 2 ^ 2 = 48 / 4 = 12.

What number in Arabic numerals is Roman numeral MCMXLI
(Enter numeric value only.)

Answers

Answer:

1941

Step-by-step explanation:

Hope this helped!!!

It would be the year 1941

(D) Work out
1/4 of 28

Answers

Answer:

1/4 ×28=7 ::*^ jghjnryh

Answer:

7

Step-by-step explanation:

[tex]\left(\frac{1}{4}\right)\cdot28[/tex]

[tex]\frac{\left(1\right)\cdot\left(28\right)}{\left(4\right)\cdot\left(1\right)}[/tex]

[tex]\frac{\left(28\right)}{\left(4\right)}[/tex]

You should divide both the numerator and the denominator by 4 and get 7 as a result of that.

There are 60 pupils who joined the Math Quiz Competetion. 40 were boys and 20 were girls. During the Awarding ceremony, it was found out that 20% of the boys and 15% of the girls won and receieve prizes. How many receieved prizes? Brainly.Ph Please Paki Sagot po In English Kailangan ko na po ngayon!! :)​

Answers

Answer:

Total number of pupils who received the prize = 10

Step-by-step explanation:

Number of boys in the Math Quiz Competition = 40

Number of girls = 20

Percentage of girls who received the prize = 20%

Therefore, number of girls who received prize = 20% of 20

                                                                             = [tex]20\times \frac{20}{100}[/tex]

                                                                             = 4

Percentage of boys who received the prize = 15%

Therefore, number of boys who received the prize = [tex]40\times \frac{15}{100}[/tex]

                                                                                     = 6

Total number of pupils who received the prize = 4 + 6 = 10

What is the perimeter, in units, of ΔABC Δ A B C with A(−1,−6) A B(7,−6), and C(3,−3)

Answers

Answer:

the perimeter in unites of abc with 3, -3 is a

Answer:

18 Units

Step-by-step explanation:

According to the calculator

the final game is altered. bag one 5 red balls

Answers

Answer:

what are you talking about

Step-by-step explanation:

Answer:

five red balls one bag

multiplying and simplify radicals!

if u get it right I’ll give brainliest (show work pls!!!)

Answers

Answer: 8

Explanation: To multiply two square roots together, simply multiply the numbers inside the square roots together to get [tex]\sqrt{64}[/tex] which is 8.

Notice that when you multiply a square root times itself, the radical disappears, and you're left with the number inside the original square root.

Other Questions
Which of the following Angolan cities is located in an exclave? (4 points)aCabindaBNamibeCBenguelaDMenongueELuanda The of computers took the lead in the industry when it built a machine with improved storage for a lower price. A.consumer B.distributors C.manufacturer D.retailer HELP!!! Which of the following is NOT a reason high socioeconomic statuslengthens life expectancy?A.People with greater financial resources are more likely to consume fresh foods anda healthier diet.B.People of high socioeconomic status are more likely to drive cars.C.Wealthy people are more likely to obtain regular medical and dental carethroughout their lives.D.Wealthy people are more likely to live in safe neighborhoods. In aquatic ecosystems, which zone does not receive light?a. photicC. aphoticb. benthicd. both b and c Despus de 6 camiones de tomatoes y de disfrutar la batalla,salieron (__________)A. clearB. unclearlos camiones A gas has a pressure of 50.0 mm Hg at 540 K. What is the pressure at 200.0 K if there is no volume change? *17.0 mmHg18.5 mmHg19 mmHg22.5 mmHg PLEASE HELP NEED DONE SOON!!!! ____times 10=662.2____times 100=403____times 1000=108 Which statement best describes a special court in Louisiana?O It is the highest court and has a panel of justices.O It hears appeals from the lower courts in each district.O It has limited powers and is created for a special purpose.O It has the authority to handle both civil and criminal cases. What dosage in grams per kilogram of body weight does a 134 lb woman receive if she takes two 275 mg tablets of penicillin?How many 150. mg tablets should a 31 lb child take to receive the same dosage? Resource Technology can lead towhich of the following?A. The development of better seed for plantproductionB. Incorporating sensors into spaceC. Development of less-severe storms What happens if the presidents office becomes vacant? Which of the following would be the best example of voluntary migration?A.Religious persecutionB.Better educationC.FamineD.Ethnic cleansing Explain how you will evaluate 4[ 3(62+1)] - 63 In the triangle below, with right angle Find the degree measure of each angle in the triangle. True or false: The cross section of a 3D object may look different depending on the direction (horizontal or vertical) of the cut. Options: True False Select the word that best completes the following sentence:A poet uses _______________________________ to create sound in a poem. (5 points)Group of answer choicesimagerypersonificationsimileonomatopoeia A cannon and a supply of cannonballs are in a sealed system railroad car. The car has a length of 20 meters, and a mass of 2000kg. The cannon fires to the right, the car recoils to the left. Fired cannonballs remain in the car after hitting the wall and land on the floor at the end of the car. The cannonballs have a mass of 15 kg each, and there are ten of them. (neglect mass of cannon) How far will the car move after all ten have been fired How does metabolism help our body receive energy ? In which way were Mary McLeod Bethune and Hypatia alike?