The most recent data from the Department of Education show that 34.8% of students who submitted otherwise
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a. Let x be a binomial random variable that denotes the number of students in a random sample of 20 who submitted otherwise valid applications for a Title IV Pell Grant but were ineligible to receive one. What are the possible values that x can assume?
b. Find the probability that exactly 6 students are ineligible to receive a Title IV Pell Grant in a random sample of 20 who submitted otherwise valid applications for this grant. Use the binomial probability distribution formula.
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...
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