A union strike vote is scheduled tomorrow, and it looks close. Assume that the number of votes to strike follows a binomial distribution.
You expect 300 people to vote, and you have projected a probability of 0.53 that a typical individual will vote to strike.
a. Identify n and π for this binomial random variable.
b. Find the mean and standard deviation of the number who will vote to strike.
c. Find the probability that a strike will result (ie, that a majority will vote to strike).