Math Problem Statement
Solution
This is a statistics problem involving binomial probability. The question is asking about the probability that a certain number of adults (from a sample of 10) will say they are more likely to make purchases during a sales tax holiday, given that 34% of U.S. adults express this tendency.
Let's break this down into parts:
Information provided:
- Probability of success (adult saying they are more likely to purchase during a sales tax holiday):
- Number of trials (adults selected):
- This is a binomial probability situation, as each adult either says they are more likely to purchase (success) or not (failure).
Part (a):
P(X = 2)
This asks for the probability that exactly 2 out of the 10 adults will say they are more likely to make purchases during a sales tax holiday.
The formula for binomial probability is:
Where:
We can calculate this using the binomial formula.
Would you like me to go ahead and compute this probability step by step?
Also, here are 5 related questions for you:
- What if the probability of success were 50% instead of 34%?
- How would the answer change if you sampled 20 adults instead of 10?
- Can you calculate the probability for more than 2 successes?
- What does the binomial distribution curve look like for this scenario?
- How can we calculate the expected number of adults likely to make a purchase?
Tip: The binomial distribution is particularly useful for modeling situations with fixed numbers of trials and constant probabilities!
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Math Problem Analysis
Mathematical Concepts
Statistics
Probability
Binomial Distribution
Formulas
P(X = k) = (n choose k) * p^k * (1 - p)^(n - k)
Theorems
Binomial Probability Theorem
Suitable Grade Level
College Level (Statistics)
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