SOLUTION: 20% of students who sit for the CPA examination pass it the first time. Find the probability that less than 17% of students in a sample of 500 who will sit for the examination will

Question 311645: 20% of students who sit for the CPA examination pass it the first time. Find the probability that less than 17% of students in a sample of 500 who will sit for the examination will pass it the first time.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
20% of students who sit for the CPA examination pass it the first time. Find the probability that less than 17% of students in a sample of 500 who will sit for the examination will pass it the first time.
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Binomial Problem:
n = 500 ; p = 0.2
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P(x < 0.17*500) = binomcdf(500,0.2,85) = 0.0504
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Cheers,
Stan H.
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