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QUESTION 3 (15 marks) A recent study shows that on average 21% of employees in the...

QUESTION 3

A recent study shows that on average 21% of employees in the work population prefer their vacation time during March break. Vincent Company employs 55 people. Use the normal approximation to the binomial distribution to answer the questions below:

Required:

  1. Determine the expected value, and the standard deviation of that value, of the number of Vincent Company employees who would prefer their vacation time during March break. ( 3 marks)
  2. What is the probability that more than nine Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram. ( 4 marks)
  3. What is the probability that exactly nine Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram.   ( 4 marks)
  4. What is the probability that more than six, but less than ten, Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram.   ( 4 marks)

I need full explanation and calculation of the answer

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