Among the 300 employees of a company, 240 are union members, whereas the others are not. If

Question:

Among the 300 employees of a company, 240 are union members, whereas the others are not. If 6 of the employees are chosen by lot to serve on a committee that administers the pension fund, find the probability that 4 of the 6 will be union members using
(a) The formula for the hypergeometric
(b) The binomial as an approximation.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...