Mathematics
Mathematics, 07.10.2020 23:01, Shubbs

According to a survey by Bankrate, of adults in the United States save nothing for retirement (CNBC website). Suppose that adults in the United States are selected randomly. a. Is the selection of the adults a binomial experiment? Explain. The selection - Select your answer - a binomial experiment because the adults are selected - Select your answer - , - Select your answer - from trial to trial, the trials - Select your answer - independent, and there are - Select your answer - outcomes possible. b. What is the probability that all of the selected adults save nothing for retirement (to 4 decimals)? c. What is the probability that exactly five of the selected adults save nothing for retirement (to 4 decimals)? d. What is the probability that at least one of the selected adults saves nothing for retirement (to 4 decimals)?

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According to a survey by Bankrate, of adults in the United States save nothing for retirement (CNBC...

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