Suppose an exam consisted of 10 multiple choice problems, ea…

Suppose an exam consisted of 10 multiple choice problems, each with five possible responses (A-E), only 1 of which is correct.  Hint: The number of trials is the number of questions on an exam.  The probability of success is the probability a student randomly guesses the correct answer to any question.  Round all answers to 4 decimals.  If a student randomly guesses the answers to each question then what is the probability that a student guesses the correct answer to at most 6 questions? [answer3] What is the probability that a student passes the exam with a score of 70% or higher? [answer4] HINT: Think about how many correct questions are needed to score a 70% on the exam. 

Suppose x represents the number of computers in a household….

Suppose x represents the number of computers in a household.  Using the following probability distribution, calculate the mean number and the standard deviation of the number of computers in a household.  Probability Table x P(x) 0 0.15 1 0.45 2 0.30 3 0.10 Round answers to 2 decimal places.  Mean = [answer1] Standard Deviation = [answer2]

The replacement rate of Social Security is modestly progress…

The replacement rate of Social Security is modestly progressive in its distribution of benefits. Complete the following blanks to identify the approximate percentage for wage replacement per current parameters for lower income levels %, middle income levels %, and higher income levels %.