Small Business Jobs. According to the U.S. Small Business Administration, small businesses provide 75% of the net new jobs added to the economy. Consider a random sample of 10 new jobs. Let represent the number of the new jobs added to the economy that are provided by small businesses. Use this information for Exercises 71–79.

Question 6.170

72. Use the binomial distribution formula to find the following probabilities:

  1. That 7 new jobs are provided by small businesses
  2. That 8 new jobs are provided by small businesses