3. A recent survey by the American Accounting Association revealed 23 percent | |||||||||||
of students graduating with a major in accounting select public accounting. | |||||||||||
Suppose we select a sample of 15 recent graduates | |||||||||||
(a) What is the probability five select public accounting? | |||||||||||
(b) How many graduates on average (expected value) would you expect to select public accounting? | |||||||||||
(c) Compute the variance and standard deviation (Use the short-cut formulas). |
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