The Office of Career Services at a Major University Knows

question 92

Short Answer

The Office of Career Services at a major university knows that 74% of its graduates find full-time positions in the field of their choosing within six months of graduation.Suppose the Office of Career Services surveys 25 alumni six months after graduation.
A)What is the probability that at least 80% of the alumni have a job in the field of their choosing?
B)What is the probability that between 60% and 76% of the alumni have a job in the field of their choosing?
C)What is the probability that fewer than 60% of the alumni have a job in the field of their choosing?

• A)What is the probability that at least 80% of the alumni have a job in the field of their choosing?
• B)What is the probability that between 60% and 76% of the alumni have a job in the field of their choosing?
• C)What is the probability that fewer than 60% of the alumni have a job in the field of their choosing?

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Definitions:

Supply Chain Margin

The difference between the cost of goods sold and the sale price along the entire supply chain, reflecting the value added by each participant in the chain.

Quantity Flexibility Contracts

Contracts that allow for adjustments in the quantity of goods ordered, providing buyers with flexibility to respond to demand fluctuations.

Inventory Aggregation

The practice of combining various inventory items or data across different locations or categories to simplify management and analysis.

Collection Cost

Expenses incurred in the process of collecting payments from customers, including billing, processing, and legal actions.