Probability of securing a NSF grant, p = 0.21
q = 1-p = 1-0.21 = 0.79
Number of grant submitted, n= 3
Probability that the professor secures 2 grants after submitting 3 proposals, P(X=2) =
4, A faculty member submits 6 proposals in a year. They have a 21% probability of...
Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You are the senior accounting faculty member in the business school and your dean, Dean Weller, is asking for help. She is very discouraged after a midyear budget meeting with the Vice President of Finance. The college's Department of Social Work has a large budget deficit, and because of this the VP is inclined towards closing the department entirely or closing its bachelor's program. The...