Suppose 40% of All College Students Have a Computer at Home

question 93

Multiple Choice

Suppose 40% of all college students have a computer at home and a sample of 100 is taken.What is the probability that more than 50 of those in the sample have a computer at home?

• A) 0.4793
• B) 0.9793
• C) 0.0207
• D) 0.5207
• E) 0.6754

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Definitions:

Income Distribution

The way in which total income is shared among the population or different groups within a society.

Top Fifth

Often refers to the top 20% segment of a distribution, commonly used in the context of income or wealth distribution.

Bottom Fifth

A term referring to the lowest 20% of a population or group in terms of income, wealth, or other socioeconomic measures.

Highest Quintile

Refers to the top 20 percent of a population or group, often measured in terms of income or wealth, indicating those with the highest earnings or assets.