Use the Following Binomial Distribution for the Next Questions

question 23

Short Answer

Use the following binomial distribution for the next questions. A scientist
knows that piñon jays that breed in captivity and are released have the ability to find 70% of caches, or hidden sources of food, in the wild. Assume the scientist releases 15 piñon jays.
-Referring to the binomial distribution for the piñon jays, find the probability that exactly 12 of these birds will be able to find caches.

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Definitions:

Fixed Factors

Resources in production that cannot be easily increased or decreased in the short term, such as land or certain machinery.

Capital-Intensive

A characteristic of industries or businesses that require large amounts of capital investment in machinery and equipment relative to labor to produce goods or services.

Firm Costs

All the expenses incurred by a company in the production and sale of goods or services, including raw materials, labor, and overhead.