In: Statistics and Probability
According to national data, about 15% of American college students earn a graduate degree. Using this estimate, what is the probability that exactly 27 undergraduates in a random sample of 200 students will earn a college degree? Hint: Use the normal approximation to the binomial distribution, where p = 0.15 and q = 0.85. (Round your answer to four decimal places.) Incorrect: Your answer is incorrect.