A survey of undergraduate students at a Business School showed that 25 percent major in Finance. Assume
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Question:
A survey of undergraduate students at a Business School showed that 25 percent major in
Finance. Assume that 15 students were selected:
a. What is the probability that none of the selected students major in Finance?
b. What is the probability that exactly three (3) of the selected students major in
Finance?
c. What is the probability that less than five (5) of selected students chose Finance as
major?
d. What is the probability that at least four (4) of the students major in Finance?
e. Compute the mean and standard deviation of this probability distribution.
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