Solved

According to the Deloitte EV Survey, 5% of Respondents Indicated

Question 8

Multiple Choice

According to the Deloitte EV Survey, 5% of respondents indicated that they would be willing to pay an extra $500 or more for an electric vehicle versus one with a gasoline engine. A random sample of 25 adults has been selected. Use the Poisson distribution to approximate the binomial distribution to determine the probability that exactly one adult from this sample would be willing to pay an extra $500 or more for an electric vehicle versus one with a gasoline engine.


A) 0.0689
B) 0.4852
C) 0.3581
D) 0.1104

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents