Find the Indicated Probability

question 25

Multiple Choice

Find the indicated probability. Round to the nearest thousandth.
-A study conducted at a certain college shows that 57% of the school's graduates find a job in their chosen field within a year after graduation. Find the probability that among 9 randomly selected graduates, at least one
Finds a job in his or her chosen field within a year of graduating.

• A) 0.999
• B) 0.111
• C) 0.570
• D) 0.994

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Definitions:

Demand Pattern

The trends, fluctuations, and behaviors in consumer demand over a specific period.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values, indicating how much the numbers in a dataset differ from the mean or average.

Corporate Rate

A specially negotiated price for services, typically offered to businesses or organizations for their employees or members.

Revenue Management

An economic strategy to optimize income by predicting consumer behavior at the micro-market levels and adjusting product availability and price.