A bank executive is presented with loan applications from 10 people. The profiles of the applicants are
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A bank executive is presented with loan applications from 10 people. The profiles of the applicants are similar, except that 5 are minorities and 5 are not minorities.
In the end the executive approves 6 of the applications.
If these 6 approvals are chosen at random from the 10 applications, what is the probability that fewer than half the approvals will be of applications involving minorities?
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Related Book For
Statistics For Business And Economics
ISBN: 9781292436845
10th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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