Salem University's MBA Program Has a 55% Acceptance Rate

question 77

Multiple Choice

Salem University's MBA program has a 55% acceptance rate.If you randomly select a sample of 20 applicants, how likely is it that between 13 and 17 (inclusive) of the applicants will be accepted into the program?

• A).2989
• B).3196
• C).3341
• D).2511
• E).2813

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Definitions:

Equal Chance

The principle that everyone should have the same opportunity to succeed or participate without discrimination or bias.

Acceptable Assumptions

The premises that are considered reasonable and are accepted without requiring empirical evidence, often used as a foundational basis in arguments or theories.

Random Sampling

A method of selecting a sample from a population in such a way that each individual has an equal probability of being chosen, ensuring the representativeness of the sample.

Equal Chance

The principle that in a certain process, event, or situation, all outcomes or participants have the same probability or likelihood of occurring or being selected.