Binomial Distribution Example: Suppose it is known that in a certain population 10% of the population is color blind. If a random sample of 7 people is drawn from this population, find the probability that Suomson (a) exactly three are color blind. (b) more than two are color blind. (c) at least two are color blind. (d) none is color blind. (e) three to five (inclusive) are color blind. What is the mean number of color-blinded people? What is the standard deviation? 16 1 Participants Chat Share Objectives - Understand the ethical and social consequences of decision-making in this case. Assess the ethical business practices of Enron. Research Enron and its actions regarding practices violating business ethics Synthesize the facts and issues in the Enron case and identify the detrimental effects unethical practices have on all stakeholders Brief Description The Enron case is an example of a scandal of an immense breach of ethical practices resulting in the fall of a major energy provider. The case involves a culture underpinned by Incentive schemes rewarding unethical practices. Enron executives engaged in aggressive accounting practices such as the use of mark to market valuation on contracts produced artificially large earnings, disguising for some years underlying poor profitability in major parts of the business. Eventually this led to the demise of the company and the imprisonment of many of the top executives. Students will explore this case representative of a lack of ethical and legal compliance and the far-reaching repercussion for many people and institutions