We need assumptions for Mean and Variance. Since we have NO other information, let's go with AP's maximum claim of 0.25.
This gives:
Mean = 1200*0.25 = 300
Standard Deviation =
Now what? Shall we use a Normal Approximation?
An accounting professor claims that no more than one quarter of the undergraduate business students will major in accounting. What is the probability that in a random sample of 1,200 undergraduate students, 336 or more will major in accounting?
Not sure how I'd answer this. Answer in the book is 0.009. Any and all help appreciated!
We need assumptions for Mean and Variance. Since we have NO other information, let's go with AP's maximum claim of 0.25.
This gives:
Mean = 1200*0.25 = 300
Standard Deviation =
Now what? Shall we use a Normal Approximation?