Question 1

Not complete
Marked out of 16.00

Question text

Small-Business Owners 

The graph shows the results of a survey of small-business owners who were asked which business skills they would like to develop further.  You randomly select five owners who participated in the survey and asked each one of them which business skills he or she wants to develop further.  Let x represent the number who said financial management was the skill they wanted to develop further.

  1. Construct a binomial probability distribution to three significant figures.
    x P open parentheses x close parentheses


  2. Find the probability that exactly two owners will say "financial management."


  3. Find the probability that fewr than four owners will say "financial management."


  4. Find the mean and standard deviation of the binomial distribution.
    mu equals 
    sigma equals 

  5. What values for x would you consider unusual?
Attempt options
Display options