Mathematics, 10.10.2019 22:30 Donlito6997

34% of college students say they use credit cards because of the rewards program. you randomly select 10 college students and ask each to name the reason he or she uses credit cards. find the probability that the number of college students who say they use credit cards because of the rewards program is (a) exactly two, (b) more than two, and (c) between two and five inclusive. if convenient, use technology to find the probabilities.

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Answer from: bbqchicken243

a) There is a 18.73% probability that exactly two students use credit cards because of the rewards program.

b) There is a 71.62% probability that more than two students use credit cards because of the rewards program.

c) There is a 82% probability that between two and five students, inclusive, use credit cards because of the rewards program.

Step-by-step explanation:

There are only two possible outcomes. Either the student use credit cards because of the rewards program, or they use for other reason. So, we can solve this problem by the binomial distribution.

Binomial probability

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

In which $C_{n,x}$ is the number of different combinatios of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And $\pi$ is the probability of X happening.

In this problem, we have that:

10 student are sampled, so n = 10

34% of college students say they use credit cards because of the rewards program, so $\pi = 0.34$

(a) exactly two

This is P(X = 2).

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

$P(X = 2) = C_{10,2}.(0.34)^{2}.(0.66)^{8} = 0.1873$

There is a 18.73% probability that exactly two students use credit cards because of the rewards program.

(b) more than two

This is P(X 2) .

Either a value is larger than two, or it is smaller of equal. The sum of the decimal probabilities must be 1. So:

$P(X \leq 2) + P(X 2) = 1$

$P(X 2) = 1 - P(X \leq 2)$

In which

$P(X \leq 2) = P(X = 0) + P(X = 1) + P(X = 2)$

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

$P(X = 0) = C_{10,0}.(0.34)^{0}.(0.66)^{10} = 0.0157$

$P(X = 1) = C_{10,1}.(0.34)^{1}.(0.66)^{9} = 0.0808$

$P(X = 2) = C_{10,2}.(0.34)^{2}.(0.66)^{8} = 0.1873$

$P(X \leq 2) = P(X = 0) + P(X = 1) + P(X = 2) = 0.0157 + 0.0808 + 0.1873 = 0.2838$

$P(X 2) = 1 - P(X \leq 2) = 1 - 0.2838 = 0.7162$

There is a 71.62% probability that more than two students use credit cards because of the rewards program.

This is:

P = P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5)

$P(X = x) = C_{n,x}.\pi^{x}.(1-\pi)^{n-x}$

$P(X = 2) = C_{10,2}.(0.34)^{2}.(0.66)^{8} = 0.1873$

$P(X = 3) = C_{10,3}.(0.34)^{3}.(0.66)^{7} = 0.2573$

$P(X = 4) = C_{10,4}.(0.34)^{4}.(0.66)^{6} = 0.2320$

$P(X = 5) = C_{10,5}.(0.34)^{5}.(0.66)^{5} = 0.1434$

P = P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5) = 0.1873 + 0.2573 + 0.2320 + 0.1434 = 0.82

There is a 82% probability that between two and five students, inclusive, use credit cards because of the rewards program.

Answer from: Quest

Just tell koda to adjust the number of shapes himself.

Answer from: Quest

answer: 204

step-by-step explanation:

we are told that the revenue is

x⋅(4080−10x)=−10x^2+4080x

this is a quadratic function, so to maximize it we should find the x-value of its vertex. recall that the x-value of the vertex of the parabola ax^2+bx+c is given by the formula −b/2a.

so in this case, we have a=−10 and b=4080, so the x-value of the vertex is

−b/2a= −(4080)/2(−10)=204

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