In a Large University, 20% of the Students Are Business

question 38

Short Answer

In a large university, 20% of the students are business majors. A random sample of 100 students is selected, and their majors are recorded.
a.Compute the standard error of the proportion.
b.What is the probability that the sample contains at least 12 business majors?
c.What is the probability that the sample contains less than 15 business majors?
d.What is the probability that the sample contains between 12 and 14 business majors?

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Definitions:

True Synergies

The real and achievable benefits and efficiencies gained by combining companies, processes, or systems, often cited as a justification for mergers and acquisitions.

Pre-merger Value

The market value of a company before it enters into a merger or acquisition agreement.

Post-merger Value

The total market value of a company after a merger or acquisition has been completed, often examined to assess the financial success of the transaction.

Separate Companies

Distinct legal business entities, often established to pursue different objectives or strategies, that operate independently of one another.