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:

Recording

The process of documenting financial transactions in the accounting records of a business.

Consolidation Entry A

An accounting entry made to adjust or combine financial information from separate entities during consolidation.

Consolidation Worksheet

A tool used in the preparation of consolidated financial statements that helps in adjusting and combining the financial information of parent and subsidiary entities.

Purpose

The objective or intended outcome that an organization or plan is meant to achieve.