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4.4 Exercise 16

Avg difficulty 2.5

A survey of 500 seniors in the Price Business School yields the following information. 75% go straight to work after graduation. 15% go on to work on their MBA. 9% stay to get a minor in another program. 1% go on to get a Master's in Finance.

What is the probability that more than 2 seniors go to graduate school for their Master's in finance?

OpenStax Introductory Business Statistics 2e, 4.4 Poisson Distribution, exercise 16

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Adapted from Introductory Business Statistics 2e © 2023 Rice University. Licensed under CC BY 4.0. Source: Introductory Business Statistics 2e. Imported at revision 50ec917.