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:

Probability-Weighted

A method that assigns weightings to different potential outcomes based on their likelihood of occurrence, used in various analyses including risk assessment and decision making.

Time Value

The concept that money available at the present time is worth more than the same amount in the future, due to its potential earning capacity.

Fair Value Allocation

The process of estimating the market value of assets and liabilities acquired in a business combination for the purpose of financial reporting.

Intangible Asset

An intangible asset is a non-physical asset possessed by a company, such as patents, trademarks, and goodwill, that can produce future economic benefits.