Expert answer:Respond to Classmates Post in Business Statistics

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Expert answer:PLEASE DO NOT JUST SAY “GOOD JOB” OR “GOOD POST” OR “I AGREE WITH YOU”….YOU NEED TO ACTUALLY GIVE A STATEMENT ABOUT THE CONTENT OF THEIR POST AND HAVE KNOWLEDGE OF STATISTICS IN ORDER TO RESPOND CORRECTLY. ANSWER THE FOLLOWING QUESTIONS ABOUT THEIR POST:First response: Choose a classmate’s post and using their probability table, find the probability such that X ≥ x. How does this probability compare to your classmate’s calculation for X = x? In your own words explain what the difference is and what this probability means in the context of their situation.CLASSMATE POST:Hello Professor and Classmates,I am taking a 10-question multiple choice quiz. If each question has four choices and I guessed on each question. What is the probability I have of getting exactly 7 questions right?In my example of getting exactly 7 questions right,Sample size, n = 10Number of events of interest, x = 7Probability of event of interest, π = 0.25 = 25%What is the probability that 7 out of my sample of 10 multiple choice questions are right?The probability is 0.0031 ≈ 0.31%. Using the CUMULATIVE tab of the Binomial.xlsx workbook:

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