In: Statistics and Probability
A recent study shows that on average 21% of employees in the work population prefer their vacation time during March break.
A recent study shows that on average 21% of employees in the work population prefer their vacation time during March break. Vincent Company employs 55 people. Use the normal approximation to the binomial distribution to answer the questions below:
Required:
- Determine the expected value, and the standard deviation of that value, of the number of Vincent Company employees who would prefer their vacation time during March break.
- What is the probability that more than nine Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram.
- What is the probability that exactly nine Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram.
- What is the probability that more than six, but less than ten, Vincent Company employees will prefer their vacation during March break? Sketch a normal curve and shade the desired area of your diagram.