A survey by KRC Research for U.S. News reported that 37% of people plan to spend more on eating out after they retire. If 20 people were randomly selected, then determine thea. Expected number of people who plan to spend more on eating out after they retire.b. Probability that at least 10 will spend more.c. Probability that at most 8 will spend more.d. Probability that exactly 12.2. A survey by KRC Research for U.S. News reported that 37% of people plan to spend more on eating out after they retire. If 20 people were randomly selected, then determine thea. Expected number of people who plan to spend more on eating out after they retire.b. Probability that at least 10 will spend more.c. Probability that at most 8 will spend more.d. Probability that exactly 12.USEhttp://stattrek.com/online-calculator/binomial.aspx to get probability values2. A survey by KRC Research for U.S. News reported that 37% of people plan to spend moreon eating out after they…
KRC Research for U.S
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