An economics professional body estimates that 75% of the students taking undergraduate economics courses are in favour of studying of statistics as part of their studies. If this estimate is correct, what is the probability that more than 780 undergraduate economics students out of a random sample of 1000 will be in favour of studying statistics?
An economics professional body estimates that 75% of the students taking undergraduate economics courses are in favour of studying of statistics as part of their studies. If this estimate is correct, what is the probability that more than 780 undergraduate economics students out of a random sample of 1000 will be in favour of studying statistics?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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An economics professional body estimates that 75% of the students taking undergraduate economics courses are in favour of studying of statistics as part of their studies. If this estimate is correct, what is the probability that more than 780 undergraduate economics students out of a random sample of 1000 will be in favour of studying statistics?
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