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In: Statistics and Probability

Seventy percent of children ages 12 to 17 keep at least part of their savings in...

Seventy percent of children ages 12 to 17 keep at least part of their savings in a savings account. You randomly select 45 children and ask them if they keep at least part of their savings in a savings account. Find the probability that more than 40 children will say yes using the binomial distribution to find the exact answer. List n, p, q, and x.

Please DO NOT use the normal distribution to approximate the binomial distribution.

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Expert Solution

orchestra answered 2 years ago
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