the proportion of american express credit-card


The proportion of American Express credit-card holders who pay their credit card bill in full each month is 23%; the other 77% make only a partial or no payment.

(a) In a random sample of 15 customers, what is the probability that:

i. 4 customers pay their bill in full?

ii. More than 6 customers pay their bill in full?

(b) In a random sample of 17 customers, what is the probability that:

i. 4 customers pay their bill in full?

ii. No more than 3 customers pay their bill in full?

Request for Solution File

Ask an Expert for Answer!!
Applied Statistics: the proportion of american express credit-card
Reference No:- TGS0277153

Expected delivery within 24 Hours