Suppose That It Is Believed That 40% of Adults Have

question 20

Essay

Suppose that it is believed that 40% of adults have a company pension. If 100 adults are surveyed,
a. What is the probability of finding a sample with less than 30 adults having a company pension?
b. What is the probability of finding no more than 45 adults having a company pension?

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Definitions:

Adult Children

Adults who have to assume significant responsibility from a young age, often due to parental absence or incapacity.

Fictive Kin

Individuals who are not related by blood or marriage but are considered and treated as family members due to strong bonds and emotional connections.

Legal Families

Groups of individuals related by blood, marriage, or adoption and recognized as such by law.

Social Convoy

A theory stressing the importance of social relationships that individuals accumulate over their lives, acting as a protective and supportive network.