It is believed that approximately 75 youth now have insurance due to the health care law. Suppose this is true, and let X equal the number of American youth in a random sample of n = 15 with private health insurance.
a) How is X distributed?
b) Find the probability that X is at least 10.
c) Find the probability that X is at most 10.
d) Find the probability that X is equal to 10.
e) Give the mean, variance and standard deviation of X
X is the number of American youth in a random sample of n = 15 with private health insurance
a. X follows a Binomial Distribution with n=15 and the probability of success p= 0.75
b.
Where
So
= 0.8516
c.
= [1-0.8516] + 0.1651 = 0.3135
d.
e. Mean = n*p = 15*0.75 = 11.25
Variance = n*p*(1-p) = 15*0.75*0.25 = 2.8125
Standard deviation =
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