Answer:
0.4875
Explanation:
For each student, there are only two possible outcomes. Either they are a graduate student, or they are not. The probability of a student being a graduate student is independent from other students. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
![P(X = x) = C_(n,x).p^(x).(1-p)^(n-x)](https://img.qammunity.org/2021/formulas/mathematics/college/mj488d1yx012m85w10rpw59rwq0s5qv1dq.png)
In which
is the number of different combinations of x objects from a set of n elements, given by the following formula.
![C_(n,x) = (n!)/(x!(n-x)!)](https://img.qammunity.org/2021/formulas/mathematics/college/qaowm9lzn4vyb0kbgc2ooqh7fbldb6dkwq.png)
And p is the probability of X happening.
Thirty-two percent of the students in a management class are graduate students.
This means that
![p = 0.32](https://img.qammunity.org/2021/formulas/mathematics/college/en95xh5nu2ee4ppmm4ll5ossqr7jagcnxy.png)
A random sample of 5 students is selected.
This means that
![n = 5](https://img.qammunity.org/2021/formulas/mathematics/college/pwyq5dqls15ocbaouicnk7qc83zmdzghxo.png)
Determine the probability that the sample contains fewer than two graduate students?
![P(X < 2) = P(X = 0) + P(X = 1)](https://img.qammunity.org/2021/formulas/mathematics/college/94bal9p8g9gn8y4enks52xpw1tffmmfnx8.png)
In which
![P(X = x) = C_(n,x).p^(x).(1-p)^(n-x)](https://img.qammunity.org/2021/formulas/mathematics/college/mj488d1yx012m85w10rpw59rwq0s5qv1dq.png)
![P(X = 0) = C_(5,0).(0.32)^(0).(0.68)^(5) = 0.1454](https://img.qammunity.org/2021/formulas/mathematics/college/df5vlt7dhf2nxerr7yvv34r9ha0jh8i9c4.png)
![P(X = 1) = C_(5,1).(0.32)^(1).(0.68)^(4) = 0.3421](https://img.qammunity.org/2021/formulas/mathematics/college/sfbv9fyxwz9uhbuz4kaguuvtmdhov0x3d1.png)
![P(X < 2) = P(X = 0) + P(X = 1) = 0.1454 + 0.3421 = 0.4875](https://img.qammunity.org/2021/formulas/mathematics/college/54fjjc1j02cm92kxdv8ysh0ek2qq5sk32m.png)
0.4875 = 48.75% probability that the sample contains fewer than two graduate students