A large hospital has estimated that 30% of the people who come to the Emergency Room have no health insurance Consider the next 9 incoming patients to the Emergency Room, what is the probability that 5 have no health insurance? How do I calculate using excel?
This is a binomial experiment with parameters:
n = 9, p = 0.30
Hence,
P(X = 5)
= binomdist(5, 9, 0.30, FALSE) [Excel Formula]
= 0.07351382
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