From an internship programme in which UWI students participated, Wall Street firms have concluded that there...
From an internship programme in which UWI students participated, Wall Street firms have concluded that there is an 18% chance the UWI students will perform better than the competition. What is the probability that in a random sample of 12 UWI students of that programme, 3 performed better than the competition?
Homework Answers
Answer
it is a binomial distribution case with p = 0.18 and n = 12
we have to find the probability that exactly 3 performed better than competition
using the formula 
setting p = 0.18, r = 3 and n = 12
Required probability is 0.2151
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