The two most popular majors in a business degree are marketing and international business, with 30% of
Question:
The two most popular majors in a business degree are marketing and international business, with 30% of students enrolled in marketing and 18% enrolled in international business. Suppose 20 students are selected at random.
(a) What is the probability that:
(i) at least half of them are studying a marketing major
(ii) no more than a quarter are studying an international business major
(iii) between 10 and 15 are studying a marketing major?
(b) Find the mean and variance of the number of students studying a marketing major. Find the mean and variance of the total number studying a marketing or international business major.
Step by Step Answer:
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi