Question

It is determined that 47.0% of the applications received for a particular credit card are accepted. Among the randomly selected 34 applications, the expected number of accepted ones is ___

Answer 1

The expected number of accepted applications is 16.

Step-by-step explanation:

To find the expected number of accepted applications, we multiply the percentage of accepted applications by the number of randomly selected applications. First, convert the percentage to a decimal: 47.0% = 0.47. Then multiply 0.47 by 34 to find the expected number of accepted applications:

Expected number of accepted applications = 0.47 * 34 = 15.98

Round to the nearest whole number to get an expected number of 16 accepted applications.