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Enrollment in Personal Finance Course In a large
Chapter 6, Problem 20RE(choose chapter or problem)
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.