Suppose, out of the next 20 customers, the count that will pay with a credit card ( X ) has a Binomial distribution with parameters n = 20 and p = 0.70. Use the Binomial Excel Spreadsheet to answer:...


Suppose, out of the next 20 customers, the count that will pay with a credit card (X) has a Binomial distribution with parameters
n
 = 20 and
p
 = 0.70.


Use the Binomial Excel Spreadsheet to answer:



What is the probability that fewer than 15 customers pay by credit card.   P(X < 15)="">



Round to 4 decimal places.




Jun 04, 2022
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