Question: According to the Graduate Management Admission Council applications to twoyear

According to the Graduate Management Admission Council, applications to twoyear MBA programs have been on the decline during the past few years. A survey during 2012 reported that 62% of U. S. schools experienced fewer applications when compared to 2011. A random sample of eight U. S. schools with a twoyear MBA program was selected.
a. What is the probability that exactly two schools from this sample experienced a decline in applications in 2012?
b. What is the probability that more than five schools from this sample experienced a decline in applications in 2012?
c. What is the probability that three or fewer schools from this sample experienced a decline in applications in 2012?
d. What are the mean and standard deviation for this distribution?
e. Construct a histogram for this distribution.

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  • CreatedJuly 17, 2015
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