Find probability that at least three will have a balance


Nine percent of undergraduate students carry credit card balances greater than $7,000. Suppose 10 undergraduate students are selected randomly to be interviewed about credit card usage.

What is the probability that two of the students will have a balance greater than $7,000?
What is the probability that none will have a balance greater than $7,000?
What is the probability that at least three will have a balance greater than $7,000?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Find probability that at least three will have a balance
Reference No:- TGS0105730

Expected delivery within 24 Hours