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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen
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A recent survey by the American Accounting Association

Chapter 6, Problem 17E

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QUESTION:

Problem 17E

A recent survey by the American Accounting Association revealed 23 percent of students graduating with a major in accounting select public accounting. Suppose we select a sample of 15 recent graduates.

a. What is the probability two select public accounting?

b. What is the probability five select public accounting?

c. How many graduates would you expect to select public accounting?

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QUESTION:

Problem 17E

A recent survey by the American Accounting Association revealed 23 percent of students graduating with a major in accounting select public accounting. Suppose we select a sample of 15 recent graduates.

a. What is the probability two select public accounting?

b. What is the probability five select public accounting?

c. How many graduates would you expect to select public accounting?

ANSWER:

Solution:

Step 1 of 3:

A survey by the American Accounting Association revealed 23 percent of students graduating with a major in accounting select public accounting.

We select a sample of 15 recent graduates.

  1. We have to find the probability that two select public accounting.
  2. We have to find the probability that five select public accounting.
  3. We have to find the expected number of graduates who select public accounting.

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