Statistics Solutions

(See Steps) 46% of all people in United States do not pay the balance on credit cards at once and carry debt on credit cards . Use BINOMIAL Distribution

Question: 46% of all people in United States do not pay the balance on credit cards at once and carry debt on credit cards . Use BINOMIAL Distribution to calculate the probability that from random selected 7 people exactly 5 have debt on credit cards (use formula with scientific calculator or Excel function)

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(See Steps) 46% of all people in United States do not pay the balance on credit cards at once and carry debt on credit cards . Use BINOMIAL Distribution

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