The Student Body of a Large University Consists of 60

question 18

Multiple Choice

The student body of a large university consists of 60% female students.A random sample of 8 students is selected.What is the probability that among the students in the sample at least 6 are male?

• A) 0.0413
• B) 0.0079
• C) 0.0007
• D) 0.0499

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Definitions:

Regulatory Agency

An agency, commission, or board established by the federal government or a state government to control the prices charged and the services offered by a natural monopoly or public utility.

Principal-Agent Problem

A dilemma in economics where one party (the agent) is supposed to act in the best interest of another party (the principal) but may have different goals.

Political Decision Making

The process of making decisions that impact public affairs, often within the frameworks of governments and political institutions.

Private Sector

Refers to the part of the economy that is owned, operated, and funded by private individuals or companies, as opposed to the government.