In: Statistics and Probability
Suppose 44% of recent college graduates plan on pursuing a graduate degree. Twenty six recent college graduates are randomly selected.
a. What is the probability that no more than seven of the college graduates plan to pursue a graduate degree? (Do not round intermediate calculations. Round your final answers to 4 decimal places.)
b. What is the probability that exactly thirteen of the college graduates plan to pursue a graduate degree? (Do not round intermediate calculations. Round your final answers to 4 decimal places.)
c. What is the probability that at least ten but no more than fourteen of the college graduates plan to pursue a graduate degree? (Do not round intermediate calculations. Round your final answers to 4 decimal places.)
This can be solved using binomial distirbution
P(X=x) = nCx px ( 1- p )n-x
where, n = Number of trials
p = Probability of success
In our case , n = 26 and p = 44% = 0.44
a. Probability that no more than seven of the college graduates plan to pursue a graduate degree=
= P( X < = 7 )
= P(X=0) + P(X=1) + P(X=2 ) + .................... + P(X = 7)
= 26C0 0.440 ( 1- 0.44 )26-0 + 26C1 0.441 ( 1- 0.44 )26-1 + ............+ 26C7 0.447 ( 1- 0.44 )26-7
= 0.0575
b. Probability that exactly thirteen of the college graduates plan to pursue a graduate degree =
= P(X=13)
= 26C13 0.4413 ( 1- 0.44 )26-13
= 0.1283
c. Probability that at least ten but no more than fourteen of the college graduates plan to pursue a graduate degree
= P(X = 10) + P(X=11) + ........................ + P(X=14)
= 26C10 0.4410 ( 1- 0.44 )26-10 + 26C11 0.4411 ( 1- 0.44 )26-11 + ............+ 26C14 0.4414 ( 1- 0.44 )26-14
= 0.6632