Essay Available:

You are here: Home → Statistics Project → Mathematics & Economics

Pages:

1 page/≈275 words

Sources:

No Sources

Level:

MLA

Subject:

Mathematics & Economics

Type:

Statistics Project

Language:

English (U.S.)

Document:

MS Word

Date:

Total cost:

$ 4.32

Topic:

# Calculations Applying The Concepts Of The Binomial Distribution (Statistics Project Sample)

Instructions:

Complete the calculations applying the concepts of the binomial distribution

source..Content:

Name

Professor

Course

Date

Homework

A group of 8 students apply for MBA program at CBA, CSULB. According to the historical data, probability of admittance at MBA program is .65. Using the formula and showing all work and steps, compute the followings:

To answer this question, a binomial probability distribution will be applied P(k successes in n trials)=(n k)pk(1-p)n-k

P=0.65, n=8 and 1-p=0.35

1 Probability for the following number of students to get admitted:

3, 2, 1, 0

P(k=0)=(8 0)10(0.35)8

=0.000225188

P(k=1)=(8 1)11(0.35)7

=0.003345643

P(k=2)=(8 2)0.652(0.35)6

=0.021746682

p(k=3)=(8 3)0.653(0.35)5

=0.080773392

2 Probability of at least 4 students get admitted

P(at least 4)=1-p(0)...

Professor

Course

Date

Homework

A group of 8 students apply for MBA program at CBA, CSULB. According to the historical data, probability of admittance at MBA program is .65. Using the formula and showing all work and steps, compute the followings:

To answer this question, a binomial probability distribution will be applied P(k successes in n trials)=(n k)pk(1-p)n-k

P=0.65, n=8 and 1-p=0.35

1 Probability for the following number of students to get admitted:

3, 2, 1, 0

P(k=0)=(8 0)10(0.35)8

=0.000225188

P(k=1)=(8 1)11(0.35)7

=0.003345643

P(k=2)=(8 2)0.652(0.35)6

=0.021746682

p(k=3)=(8 3)0.653(0.35)5

=0.080773392

2 Probability of at least 4 students get admitted

P(at least 4)=1-p(0)...

Get the Whole Paper!

Not exactly what you need?

Do you need a custom essay? Order right now:

### Other Topics:

- Data Analysis Using RDescription: In an experiment to compare two diets for fattening beef steers, nine pairs of animals were chosen from the heard; members of each pair were matched as closely as possible with respect to hereditary factors...3 pages/≈825 words| 1 Source | MLA | Mathematics & Economics | Statistics Project |
- Why Is Endogeneity An Issue In The Context Of A Multiple Regression Models?Description: Omitted viable bias can be corrected by adding proxy variables. In general, endogeneity issues can be corrected by including instrument variables in a model....2 pages/≈550 words| No Sources | MLA | Mathematics & Economics | Statistics Project |
- Statistic Description: Statistic Mathematics & Economics Statistics Project...5 pages/≈1375 words| 1 Source | MLA | Mathematics & Economics | Statistics Project |