A survey reported that 37% of people plan to spend more on eating out after they...

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A survey reported that 37% of people plan to spend more oneating out after they retire. If
eight people are randomly? selected, determine the valuesbelow.
a.
The expected number of people who plan to spend more on eatingout after they retire
b.
The standard deviation of the individuals who plan to spend moreon eating out after they retire
c.
The probability that two or fewer in the sample indicate thatthey actually plan to spend more on eating out after retirement

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SolutionGivenp probability of people plan to spend more on eating out afterthey retire 037n sample size Number of peoplerandomly selected 8Part aThe expected number of people who plan to spend See Answer

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a.	The expected number of people who plan to spend more on eatingout after they retire
b.	The standard deviation of the individuals who plan to spend moreon eating out after they retire
c.	The probability that two or fewer in the sample indicate thatthey actually plan to spend more on eating out after retirement