The board of a company is going to propose to the company’s shareholders the acquisition of one of its main suppliers and it expects the proposal will be approved by 47% of shareholders. In order to assess if its expectation is correct, it approached 8 size shareholders ahead of the board meeting to know how they would vote for the proposal. What is prpbability that atleast 2 member will approve proposal?

The board of a company is going to propose to the company’s shareholders the acquisition of one of its main suppliers and it expects the proposal will be approved by 47% of shareholders. In order to assess if its expectation is correct, it approached 8 size shareholders ahead of the board meeting to know how they would vote for the proposal. What is prpbability that atleast 2 member will approve proposal?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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