Question

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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