In: Statistics and Probability
Suppose 38% of recent college graduates plan on pursuing a graduate degree. Twenty recent college graduates are randomly selected.
a. What is the probability that no more than four 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 five 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 eight but no more than thirteen of the college graduates plan to pursue a graduate degree? (Do not round intermediate calculations. Round your final answers to 4 decimal places.)
This is a binomial distribution
p = 0.38
n = 20
P(X = x) = 20Cx * 0.38x * (1 - 0.38)20-x
a) P(X < 4) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4)
= 20C0 * 0.380 * 0.6220 + 20C1 * 0.381 * 0.6219 + 20C2 * 0.382 * 0.6218 + 20C3 * 0.383 * 0.6217 + 20C4 * 0.384 * 0.6216
= 0.0726
b) P(X = 5) = 20C5 * 0.385 * 0.6215 = 0.0945
c) P(8 < X < 13) = P(X = 8) + P(X = 9) + P(X = 10) + P(X = 11) + P(X = 12) + P(X = 13)
= 20C8 * 0.388 * 0.6212 + 20C9 * 0.389 * 0.6211 + 20C10 * 0.3810 * 0.6210 + 20C11 * 0.3811 * 0.629 + 20C12 * 0.3812 * 0.628 + 20C13 * 0.3813 * 0.627
= 0.5070