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Suppose a university announced that it admitted 2,500 students for the following year's freshman class. However, the university has dorm room spots for only 1,786 freshman students. If there is a \(70 \%\) chance that an admitted student will decide to accept the offer and attend this university, what is the approximate probability that the university will not have enough dormitory room spots for the freshman class?

Short Answer

Expert verified
There is about a 5.71% probability the dorms will exceed capacity.

Step by step solution

01

Identify the Total Number of Admitted Students

The university admitted a total of \(2,500\) students. This is an important initial figure that we will use to calculate the expected number of students who accept the offer.
02

Calculate Expected Number of Attending Students

Since each admitted student has a \(70\%\) chance of attending, we calculate the expected number of students attending by multiplying the total admitted students by the acceptance probability: \(2500 \times 0.70 = 1750\) students.
03

Compare Expected Attendance With Dorm Capacity

The expected number of students attending is \(1750\), which is less than the dorm capacity of \(1786\). However, let's calculate the probability that more than \(1786\) students show up.
04

Calculate Standard Deviation for Binomial Distribution

We need to calculate the standard deviation for the binomial distribution where \(n = 2500\) and \(p = 0.70\). The standard deviation \(\sigma\) is given by the formula \(\sqrt{n \cdot p \cdot (1-p)} = \sqrt{2500 \cdot 0.7 \cdot 0.3}\).
05

Compute Standard Deviation

Calculate the standard deviation: \(\sqrt{2500 \cdot 0.7 \cdot 0.3} = \sqrt{525} \approx 22.91\).
06

Use the Normal Approximation to the Binomial Distribution

The number of attending students can be approximated by a normal distribution with mean \(1750\) and standard deviation \(22.91\). We find the probability that more than \(1786\) students attend.
07

Calculate Z-Score

Calculate the Z-score corresponding to \(x = 1786\) using: \(z = \frac{x - \text{mean}}{\sigma} = \frac{1786 - 1750}{22.91}\).
08

Compute Z-Score

Substitute the values into the Z-score formula: \(z = \frac{1786 - 1750}{22.91} = 1.57\).
09

Look Up the Z-Score in Standard Normal Table

Find the probability corresponding to a Z-score of \(1.57\) using the standard normal distribution table or a calculator. The probability of Z being less than \(1.57\) is approximately \(0.9429\).
10

Calculate Probability of Exceeding Dorm Capacity

To find the probability that the university does not have enough dorm spots, we calculate: \(1 - 0.9429 = 0.0571\). Thus, the probability is approximately \(0.0571\) or \(5.71\%\).

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Binomial Distribution
When considering situations with two possible outcomes, like a student either attending or not attending university, a binomial distribution can model this scenario effectively. Each admitted student can be seen as a success if they decide to attend, and a failure if they don't.
In our exercise, the number of trials, or the total number of students admitted, is 2,500, and the probability of a student attending, which we consider a 'success', is 70%. This distribution helps us understand the range of likely outcomes for student attendance.
To set up the model:
  • The number of trials ( ) is 2,500.
  • The probability of success (p) is 0.70.
Considering the large number of trials and a binary outcome, the binomial distribution is perfect for estimating the probability of different possible numbers of students attending.
Normal Approximation
Given a large sample size, as in our case with 2,500 admitted students, it is often practical to use the normal approximation to a binomial distribution for ease of calculation. This involves treating the binomial distribution as if it were a normal distribution.
The idea behind this simplification is that for large enough numbers, the behavior of the binomial distribution closely resembles that of a normal distribution with the same mean and standard deviation.
The parameters for our normal distribution for this scenario are:
  • The mean is calculated as the number of trials multiplied by the probability of success, i.e., 2,500 * 0.70 = 1,750.
  • The standard deviation is derived from the binomial formula, which we'll discuss in the next section.
Once you've gathered these parameters, you can use the characteristics of the normal distribution to calculate the likelihood of a given outcome, such as the attendance exceeding dormitory capacity.
Standard Deviation
In probability theory, the standard deviation of a binomial distribution tells us how much the outcome is likely to vary from the mean.
For our situation, where we have a large number of trials with a set probability of success, the standard deviation is crucial for understanding the typical variation in outcomes. It's calculated using the formula:
  • \(\sigma = \sqrt{n \cdot p \cdot (1 - p)}\)
In our particular example, \(n = 2500\) and \(p = 0.70\), leading to the calculation:
  • \(\sigma = \sqrt{2500 \cdot 0.70 \cdot 0.30} = \sqrt{525} \approx 22.91\)
This standard deviation of approximately 22.91 gives us an idea of how much fluctuation to expect around the mean attendance of 1,750. Understanding this spread is critical for making informed predictions about the number of students likely to show up.
Z-Score Calculation
A Z-score helps in determining how far away a particular value is from the mean of a distribution, measured in terms of standard deviations. This statistic is crucial for assessing the probability of different potential outcomes in a normal distribution approximation.
In our exercise, we calculate the Z-score to find out the likelihood that more than 1,786 students will attend. The formula is:
  • \(z = \frac{x - \text{mean}}{\sigma}\)
For the scenario, substituting the values gives:
  • \(z = \frac{1786 - 1750}{22.91} \approx 1.57\)
This Z-score of approximately 1.57 suggests that 1,786 is 1.57 standard deviations above the mean of 1,750.
By consulting a standard normal distribution table, we find that the probability of the outcome being less than this Z-score is 0.9429. To discover the probability of exceeding this dorm capacity, we calculate:
  • \(1 - 0.9429 = 0.0571\)
Thus, there's roughly a 5.71% chance of exceeding dorm capacity.

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