Answered: P(Financial Aid | Graduate ) =[?] Round… | bartleby

College Algebra

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.3: Binomial Probability

Problem 40E: Telephone Marketing A mortgage company advertises its rates by making unsolicited telephone calls to...

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University Data
Not Receiving
Receiving
Financial Aid
Financial Aid
Undergraduates
4222
3898
Graduates
1879
731
What is the probability that a given student is on
financial aid, given that he or she is a graduate?
P(Financial Aid | Graduate ) = [?]
Round to thenearest hundredth.
Enter
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Telephone Marketing A mortgage company advertises its rates by making unsolicited telephone calls to random number. About 2% of the calls reach consumers who are interested in the company’s services. A telephone consultant can make 100 calls per evening shift. What is the probability that two or more calls will reach an interested party in one shift? How many calls does a consultant need to make to ensure at least a 0.5 probability of reaching one or more interested parties? [Hint: Use trial and error.]
Telephone Marketing A mortgage company advertises its rates by making unsolicited telephone calls to random numbers. About 2 of the calls reach consumers who are interested in the companys services. A telephone consultant can make 100 calls per evening shift. a What is the probability that two or more calls will reach an interested party in one shift? b How many calls does a consultant need to make to ensure at least a 0.5 probability of reaching one or more interested parties? Hint: Use trial and error.

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