According to national data, about 14% of American college students earn a graduate degree. Using this estimate, what is the probability that exactly 30 undergraduates in a random sample of 200 students will earn a college degree? Hint: Use the normal approximation to the binomial distribution, where
p = 0.14
and
q = 0.86.
(Round your answer to four decimal places.)
The sample Size n = 200
The proportion of American college students earn a graduate degree is p = 0.14
Let X be the number of American college students earn a graduate degree
X ~Binomial(200,0.14)
Since sample size is very large, we can use normal approximation to binomial, if the condions are satisfied.
The conditions are np>5 and nq> 5
np = 200*0.14 =25 >5
nq =200*0.86 =172>5
Since both conditions are satisfied, normal approximateion is appropriate
The Mean is
The standard deviation
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