Enrollment in Personal Finance Course In a large

Chapter 6, Problem 20RE

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

Problem 20RE

Enrollment in Personal Finance Course In a large university, 30% of the incoming first-year students elect to enroll in a personal finance course offered by the university. Find the probability that of 800 randomly selected incoming first-year students, at least 260 have elected to enroll in the course. (6–4)

Questions & Answers

QUESTION:

Problem 20RE

Enrollment in Personal Finance Course In a large university, 30% of the incoming first-year students elect to enroll in a personal finance course offered by the university. Find the probability that of 800 randomly selected incoming first-year students, at least 260 have elected to enroll in the course. (6–4)

ANSWER:

Solution:

Step 1 of 2:

   From the given problem we have

       

            = 0.3

       q = 1 - p

          = 1- 0.3

          = 0.7

      n = 800

   Here we have to find the probability that, at least 260 have elected to enroll in the course.


 

 

Add to cart


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back