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Suppose that A new president of a university has called for a survey of students in MNGT 368, to ask abut some positive metrics. Assume that 50% of all students would give affirmative responses, 30% would be neutral/ undecided, and the remaining 20% would give negative responses. Further assume that only affirmative responses are considered a success.
A. If 10 students are surveyed, find the probability that there are (exactly) 2 successes. Use the Binomial Distribution from Section 5.4 to answer this question.
B. If 100 students are sampled, what is the likelihood of 40 successes or more? Use the Normal approximation of the Binomial Distribution.
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