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b) Some economists in the cOuntry are proposing mandatory wage and price controls to combat inflation, but others claim such controls are ineffective. Suppose it is established that 40% of all adults in the country favour wage and price controls. If 5 adults are selected at random, find the probability that: i. At least 3 favour wage and price controls?​

Respuesta :

Answer:

3/5

Step-by-step explanation:

40% of all adults favor wage and price controls, that means that 4 out of every 10 adults favor them. Therefore, if 5 adults are selected at random, the probability that at least 3 of them favor wage and price controls is 3/5 or 60%.

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