Four of Your Students Submitted an Entry to a Writing

question 43

Short Answer

Four of your students submitted an entry to a writing contest.There were a total of 24 entries submitted.Six of the entries will move on to the next round.
A)What is the probability that all four of your students will move on to the next round?
B)How many of your students are expected to move to the next round?
C)What is the probability that fewer of your students than expected make it to the next round than expected?

• A)What is the probability that all four of your students will move on to the next round?
• B)How many of your students are expected to move to the next round?
• C)What is the probability that fewer of your students than expected make it to the next round than expected?

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price level.

Quota

A government-imposed trade restriction limiting the number or value of goods that can be imported or exported during a specific time.

Consumers Pay

The amount of money paid by consumers to purchase goods and services, reflecting their expenditure on consumer products.

Quotas

Limits set by a government on the quantity of a good that can be imported or exported during a specified time period.