Suppose the Probability That a Certain Drug Will Lower Cholesterol

question 18

Multiple Choice

Suppose the probability that a certain drug will lower cholesterol significantly is 0.85. If the drug is administered to 1300 patients, what is the probability that more than 1094 will have significantly lowered cholesterol levels? Round your answer to four decimal places. ​

• A)0.2073
• B)0.7894
• C)0.6828
• D)0.7550
• E)0.7927

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Definitions:

Marginal Analysis

The examination of the costs and benefits of a small (marginal) change in the production of goods or services.

Wheat Farmer

An individual or entity engaged in the cultivation of wheat crops for consumption or sale.

Fertilizer

A chemical or natural substance added to soil to increase its fertility and enhance plant growth.

Marginal Cost

The price of generating an extra unit of a good or service.