Math Problem Statement
21% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number of college students who say they use credit cards because of the rewards program is (a) exactly two, (b) more than two, and (c) between two and five inclusive. If convenient, use technology to find the probabilities.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Probability
Binomial Distribution
Formulas
Binomial probability formula: P(X = k) = C(n, k) * p^k * (1 - p)^(n - k)
Cumulative probability: P(X > k) = 1 - P(X ≤ k)
Theorems
Binomial Theorem
Probability Mass Function
Suitable Grade Level
Grades 11-12
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