SOLUTION: Suppose you are forming a team of 8 executives from different departments within your company. Your company has a total of 30 executives, and 10 of these people are from the financ

Question 422539: Suppose you are forming a team of 8 executives from different departments within your company. Your company has a total of 30 executives, and 10 of these people are from the finance department. If members of the team are to be selected at random, what is the probability that the team will contain 2 executives from the finance department?

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Suppose you are forming a team of 8 executives from different departments within your company. Your company has a total of 30 executives, and 10 of these people are from the finance department. If members of the team are to be selected at random, what is the probability that the team will contain 2 executives from the finance department?
Binomial Problem with n = 8 and p = 10/30 = 1/3
P(x= 2) = 8C2*(1/3)^2*(2/3)^6 = 0.2731
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Cheers,
Stan H.
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