Compute Probabilities of Binomial Experiments

question 55

Multiple Choice

Compute Probabilities of Binomial Experiments
-We believe that 87% of the population of all Calculus I students consider calculus an exciting subject. Suppose we randomly and independently selected 25 students from the population. If the true percentage is really 87%, find the probability of observing 24 or more of the students who consider calculus to be an exciting subject in our sample of 25.

• A) 0.145666
• B) 0.030760
• C) 0.114907
• D) 0.854334

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Definitions:

Usury Law

A law that establishes the highest interest rates that lenders can apply to borrowed money.

Loaned Out

Refers to resources or money that has been borrowed out to individuals or entities under an agreement to be repaid, typically with interest, over a certain period.

Usury Law

Legislation that sets maximum interest rates that lenders can charge borrowers to prevent exploitation.

Loaned Out

Refers to funds or assets that have been borrowed by one party from another under agreed conditions, often involving interest.