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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
According to a recent Census Bureau report, 37 million Americans, or 12.7% of the population, live below the poverty level. Suppose these figures hold true for the region in which you live. You plan to randomly sample 25 Americans from your region.
a. What is the probability that your sample will include at least two people with incomes below the poverty level?
b. What are the expected value and standard deviation of the number of people in your sample with incomes below the poverty level?
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