SOLUTION: We believe that 95% of the population of all Business Statistics I students consider statistics to be an exciting subject. Suppose we randomly and independently selected 23 student

Question 311724: We believe that 95% of the population of all Business Statistics I students consider statistics to be an exciting subject. Suppose we randomly and independently selected 23 students from the
population. If the true percentage is really 95%, find the probability of observing 22 or more
students who consider statistics to be an exciting subject
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
We believe that 95% of the population of all Business Statistics I students consider statistics to be an exciting subject. Suppose we randomly and independently selected 23 students from the
population. If the true percentage is really 95%, find the probability of observing 22 or more students who consider statistics to be an exciting subject
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Binomial Problem with n = 23 ; p = 0.95
P(22<= x <=23) = 1 - P(23,0.95,21) = 0.67942...
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Cheers,
Stan H.
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