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This Question: 1pl 7 ct 30 (1 compete) This Test: 30 pts possible o The probability cuntomet of M. Moodys Bookstores a credi
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Answer #1

Let x represent a random variable which denotes the number of customers that will use the credit cards.

Given

p = 0.50

n = 20

We know that,

P(X=x) = \binom{n}{x}*p^{x}*(1-p)^{n-x}

The required probability is,

P(X\geq11) = 1 - P(X=0)+........ +P(X=10)

P(X\geq11) = 1 - 0.5881

,

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