Mathematics, 12.11.2020 16:30, cj31150631

Generation Y has been defined as those individuals who were born between 1981 and 1991. A 2010 survey by a credit counseling foundation found that 56% of the young adults in Generation Y pay their monthly bills on time) Suppose we take a random sample of 220 people from Generation Y. Complete parts a through e below. Required:

a. Calulate the standard error of the poportion.

b. What is the probability that 120 or fewer will pay their monthly bills on time?

c. What is the probability that 95 or fewer will pay their monthly bills on time?

d. What is the probability that 118 or more will pay their monthly bills on time?

e. What is the probability that between 104 and 117 of them will pay their monthly bills on time?

Answers: 2

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Generation Y has been defined as those individuals who were born between 1981 and 1991. A 2010 surve...