As a result of the financial crisis on Wall Street in September 2008 that required federal government intervention, a survey showed that 40% of Americans reallocated their investments to reduce exposure to the stock market.What is the probability that out of 5 randomly selected Americans, none will have reallocated their investments in this way?
A)0.2592
B)0.8154
C)0.1699
D)0.0778
E)0.1234

Question

Quizplus · Accepted Answer

The Answer of As a result of the financial crisis on Wall Street in September 2008 that required federal government intervention, a survey showed that 40% of Americans reallocated their investments to reduce exposure to the stock market.What is the probability that out of 5 randomly selected Americans, none will have reallocated their investments in this way?
A)0.2592
B)0.8154
C)0.1699
D)0.0778
E)0.1234

As a Result of the Financial Crisis on Wall Street