It Is Known That in an Introductory Statistics Class of 20

question 9

Essay

It is known that in an Introductory Statistics class of 20 students, 70% of them own smartphones. If you were to randomly pick 10 students from that class, what is the probability that 70% of those picked would have smartphones?

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Definitions:

Legal Liability

Refers to being legally responsible for damages or enforcement actions, arising out of one's actions or omissions under the law.

Offer

A proposal presented by one party to another as a basis for negotiation, intending to create a binding legal agreement upon acceptance.

Interim Agreement

A binding contract that will subsequently be put into a more formal document; usually referred to as an agreement of purchase and sale in a real estate transaction.

Binding Contract

A legal agreement between parties that is enforceable by law, where each party has specific obligations.