A selective college would like to have an entering class of 950 students. Because not all students who are offered admission accept, the college admits more than 950 students. Past experience shows that about 75% of the students admitted will accept. The college decides to admit 1200 students. Assuming that students make their decisions independently, the number who accept has the B(1200, 0.75) distribution. If this number is less than 950, the college will admit students from its waiting list. If the college decides to increase the number of admission offers to 1,330, what is the probability that more than 950 will accept? (Round your answer to four decimal places.)
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A selective college would like to have an entering class of 950 students. Because not all students who are offered admission accept, the college admits more than 950 students. Past experience shows that about 75% of the students admitted will accept. The college decides to admit 1200 students. Assuming that students make their decisions independently, the number who accept has the B(1200, 0.75) distribution. If this number is less than 950, the college will admit students from its waiting list.
If the college decides to increase the number of admission offers to 1,330, what is the probability that more than 950 will accept? (Round your answer to four decimal places.)
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