Solve the Problem. Round to Four Decimal Places

question 7

Multiple Choice

Solve the problem. Round to four decimal places.
-We believe that 95% of the population of all Business Statistics students consider statistics to be an exciting subject. Suppose we randomly and independently selected 30 students from the
Population. If the true percentage is really 95%, find the probability of observing 29 or more
Students who consider statistics to be an exciting subject. Round to six decimal places.

• A)0.446458
• B)0.553542
• C)0.214639
• D)0.338903

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Definitions:

New-category Entries

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Potential and Risk

This term considers the balance between the possibility of gains or growth against the likelihood of losses or negative outcomes.

Revamped Products

Products that have been significantly modified, updated, or improved with the aim of enhancing performance or attracting a larger consumer base.

Disruptive Technology

A technology that displaces an established technology and shakes up the industry, or a groundbreaking product that creates a completely new industry.