Answer:
0.7429
Step-by-step explanation:
Given that Of the 721 students at the college, 299 of them apply for loans when entering graduate school.
So p = proportion of students applying for loans =
Each student is independent of the other and there are two outcomes
Hence out of 45 students the no of students who apply for loans say X is binomial with n =45 and p = 0.415
the probability that more than 16 of them apply for loans
=
=0.7429