Question

Generation Y has been defined as those individuals who were born between 1981 and 1991. A 2010 survey by a credit counseling foundation found that 53% of the young adults in Generation Y pay their monthly bills on time. Suppose we take a random sample of 220 people from Generation Y. Complete parts a through e below.

eneration Y has beon defined as those individuals who were bom between 1981 and 1991. A 2010 survey by a cnedit counseling foundation found that 53% df Phe young aduts in Genetion Y pey ers on tta andom sample of 220 people from Generation Y. Complete parts a theough e below Caloulate the standand emor of the proportion ,-DRturd to four decirnal places as needed.) b. What is the probability that 135 or fewer will pary their montly bills on time? P/(135 or tewer Generation Y individuals will pay their monthly bills on tme)- (Round to four decimal places as needed.) е.what ea probabity that 110or wll pay ter morety tis on ime? P(110 or tewer Generation Y individuals will pay their monthly bils on Sme- Round to four decimal places as needed ) d. What is the probability that 122 or more will pay their monthly bils on sime? P(122 or more Generation Y individuals will pay their monthly bills on ime) Round to four decimal places as needed) e. What is the probablity PfBebeeen 114 and 126 of them wil pay their monthly bills on time) that between 114 and 126 of them will pay their monthly bills on time? Round to four decimal places as needed )

Answer 1