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Which of the following are binomial experiments? Explain why. a. Drawing 3 balls with replacement from a box that contains 10 balls, 6 of which are red and 4 are blue, and observing the colors of the drawn balls b. Drawing 3 balls without replacement from a box that contains 10 balls, 6 of which are red and 4 are blue, and observing the colors of the drawn balls c. Selecting a few households from New York City and observing whether or not they own stocks when it is known that \(28 \%\) of all households in New York City own stocks

Short Answer

Expert verified
Among the given scenarios, the first one is a binomial experiment as it fulfills all the properties of a binomial experiment. The second scenario doesn't meet 3rd and 4th conditions of a binomial experiment, hence, it can't be a binomial experiment. The final scenario is dependent on the unknown factor of whether the selection of households is done with or without replacement, hence can be assumed as binomial or not binomial.

Step by step solution

01

Analyzing Scenario A

In the first scenario, we are drawing 3 balls with replacement from a box containing 10 balls. The following properties of a binomial experiment can be observed:1. There are a fixed number of trials, 3 in this case.2. Each trial results in either success (drawing a red ball) or failure (drawing a blue ball). 3. The probability of success, i.e., drawing a red ball is \(0.6\) for every draw.4. Because the balls are replaced after each draw, the outcome of each trial is independent from the others.Since all conditions are met, this can be classified as a binomial experiment.
02

Analyzing Scenario B

In the second scenario, we are drawing 3 balls but without replacement. Therefore:1. There are a fixed number of trials, 3.2. Each trial can only result in success or failure (drawing a red or blue ball).3. The probability of success is no longer consistent because the balls are not replaced after each draw.4. The outcome of each draw will affect the outcome of the next one as the total number of balls in the box is decreasing.Therefore, this scenario is not a binomial experiment since it doesn't meet all the conditions.
03

Analyzing Scenario C

In the third scenario, a few households are selected and checked if they own stocks or not.1. There is a known probability of success - a household owning stocks - which is given as \(28\%\).2. Each selected household can either own stocks (success) or do not own them (failure).3. It is not explicitly stated whether the selection is done with or without replacement. Hence we could make two assumptions. - If we assume that it is done without replacement, then this would not be a binomial experiment as the trials would not be independent and the probability would not remain constant.- If we assume that it is done with replacement, then each trial is independent (one household owning stocks does not affect whether another household owns stocks) and probability remains constant. Thus, it could be a binomial experiment.

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