Early in August an undergraduate college discovers that it can accommodate a few extra students. Enrolling those
Question:
Early in August an undergraduate college discovers that it can accommodate a few extra students. Enrolling those additional students would provide a substantial increase in revenue without increasing the operating costs of the college; that is, no new classes would have to be added. From past experience the college knows that the frequency of enrollment given admission for all students is 40%.
a. What is the probability that at most 6 students will enroll if the college offers admission to 10 more students?
b. What is the probability that more than 12 will actually enroll if admission is offered to 20 students?
c. If the frequency of enrollment given admission for all students was 70%, what is the probability that at least 12 out of 15 students will actually enroll?
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780273767060
8th Global Edition
Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne