Question

21​% of college students say they use credit cards because of the rewards program. You randomly...

21​% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number of college students who say they use credit cards because of the rewards program is:

(a) exactly​ two,

(b) more than​ two, and​

(c) between two and five inclusive. If​ convenient, use technology to find the probabilities.

P(2)=

Homework Answers

Answer #1

Binomial distribution with p=0.21 and n=10
P(x) = nCx * (p^x) * ((1-p)^(n-x))

a.
P(2) = 10C2 * 0.21^2 * 0.79^8
= 45 * 0.21^2 * 0.79^8
= 0.301

b.
P(X>2)
= 1 - P(X<=2)
= 1 - (P(0) + P(1) + P(2))
= 1 - ((10C0 * 0.21^0 * 0.79^10)+(10C1 * 0.21^1 * 0.79^9)+(10C2 * 0.21^2 * 0.79^8))
= 1 - ((1 * 0.21^0 * 0.79^10) + (10 * 0.21^1 * 0.79^9) + (45 * 0.21^2 * 0.79^8))
= 0.353

c.
P(2<=X<=5)
= P(2) + P(3) + P(4) + P(5)
= (10C2 * 0.21^2 * 0.79^8) + (10C3 * 0.21^3 * 0.79^7) + (10C4 * 0.21^4 * 0.79^6) + (10C5 * 0.21^5 * 0.79^5)
= (45 * 0.21^2 * 0.79^8) + (120 * 0.21^3 * 0.79^7) + (210 * 0.21^4 * 0.79^6) + (252 * 0.21^5 * 0.79^5)
= 0.645

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