Seventy Percent of the Students Applying to a University Are

question 55

Essay

Seventy percent of the students applying to a university are accepted. What is the probability that among the next 18 applicants
a. At least 6 will be accepted?
b. Exactly 10 will be accepted?
c. Exactly 5 will be rejected?
d. Fifteen or more will be accepted?
e. Determine the expected number of acceptances.
f. Compute the standard deviation.

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Definitions:

Labor Intensive

describes industries or production processes that require a large amount of labor relative to capital in the production process.

WTO

The World Trade Organization, an intergovernmental organization that regulates international trade agreements and disputes between nations.

Retaliatory Tariffs

Taxes on imported goods that are imposed in response to similar taxes levied by another country.

U.S. Tariffs

Taxes or duties levied by the United States government on imported goods to protect domestic industries or to generate revenue.