Mathematics, 03.05.2021 15:00 vannitling12p4w44f
Each year the admissions committee at a top business school receives a large number of applications for admission to the MBA program and they have to decide on the number of offers to make. Since some of the admitted students may decide to pursue other opportunities, the committee typically admits more students than the ideal class size of 720 students. You were asked to help the admission committee estimate the appropriate number of people who should be offered admission. It is estimated that in the coming year the number of people who will not accept the admission is normally distributed with mean 50 and standard deviation 21. Suppose for now that the school does not maintain a waiting list, that is, all students arc accepted or rejected. a. Suppose 750 students are admitted. What is the probability that the class size will be at least 720 students'
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