According to the University Business Officers, 86% of first time, fulltime freshman at private colleges were the
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According to the University Business Officers, 86% of first time, fulltime freshman at private colleges were the recipients of some form of financial aid in 2011. A random sample of six freshmen in 2011 was selected.
a. What is the probability that all six freshmen from this sample received financial aid in 2011?
b. What is the probability that four or more freshmen from this sample received financial aid in 2011?
c. What is the probability that less than five freshmen from this sample received financial aid in 2011?
d. What are the mean and standard deviation for this distribution?
e. Construct a histogram for this distribution.
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