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:

Contracts

Legally binding agreements between two or more parties that outline the terms and conditions of a transaction or arrangement.

Quality Standards

Established criteria or benchmarks that describe the characteristics of a product, service, or process to ensure it meets customer and regulatory requirements.

Inventories Classified

The categorization of stock or inventory based on various criteria, such as type, usage rate, or value, to ensure efficient management and control.

Bullwhip Effect

A phenomenon in supply chain management where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.