Solve the problem. Round to four decimal places.
-We believe that 95% of the population of all Business Statistics students consider statistics to be an exciting subject. Suppose we randomly and independently selected 30 students from the
Population. If the true percentage is really 95%, find the probability of observing 29 or more
Students who consider statistics to be an exciting subject. Round to six decimal places.
A)0.446458
B)0.553542
C)0.214639
D)0.338903

Question

Quizplus · Accepted Answer

The problem can be solved using the binomial probability formula or normal approximation. With p = 0.95, n = 30, and x = 29 or 30, the probability is approximately 0.553542.

Solve the Problem. Round to Four Decimal Places