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:
Verified
Correct Answer:
Verified
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