Final answer:
The student's question is about calculating a cost function, C(300), with no clear context provided. The reference information includes various expressions for calculating binomial probabilities, such as P(X ≥ 150), P(X ≤ 160), and others, which are commonly evaluated using a statistical calculator or software.
Step-by-step explanation:
The student's question appears to be related to the computation of a particular cost function C(300), which involves dividing two numbers. Unfortunately, this part of the question alone doesn't provide enough context to offer a complete solution. However, the provided reference information seems to relate to binomial probability distributions, which are part of probability theory in mathematics. Examples given include the use of functions like binomialcdf and binomialpdf which are used to calculate cumulative probabilities and probabilities of a single point for binomial variables, respectively.
For instance, the expression P(X ≥ 150):1 - binomialcdf(300,0.53,149) = 0.8641 indicates the probability of observing at least 150 successes in 300 trials, with the probability of success in each trial being 0.53. To calculate such probabilities, one typically uses a statistical calculator or relevant software.