Problem
Advance Technology Investment Bank installed a new FinTech program. Investors were trained in using the program. The Specialist responsible for the installation monitored the number of investors using the programme. The investors can choose between using or not using the programme. The probability of using the programme is 41%.
i. What is the probability that 7 out of 27 investors will use the programme?
ii. The programme was installed in another geographic location, where 58 investors were surveyed. The probability of usage in the new location is 48%. What are the mean, variance, and standard deviation of programme usage?