In a Large University, 20% of the Students Are Business

question 38

Short Answer

In a large university, 20% of the students are business majors. A random sample of 100 students is selected, and their majors are recorded.
a.Compute the standard error of the proportion.
b.What is the probability that the sample contains at least 12 business majors?
c.What is the probability that the sample contains less than 15 business majors?
d.What is the probability that the sample contains between 12 and 14 business majors?

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Definitions:

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The increase in value of an asset or investment, measured as the difference between the sale price and the purchase price.

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