Question: A recent study finds that companies are setting aside a
A recent study finds that companies are setting aside a large chunk of their IT spending for green technology projects (BusinessWeek, March 5, 2009). Two out of three of the large companies surveyed by Deloitte said they have at least 5% of their IT budget earmarked for green IT projects. Suppose that the survey was based on 1,000 large companies. What is the probability that more than 75 of 120 large companies will have at least 5% of their IT expenditure earmarked for green IT projects?
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