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Mathematics, 03.04.2020 03:13 kuuleilani

College students are a major target for advertisements for credit cards. At NCSU 30% of students have opened a new credit card account within the past year. Alternatively, 70% of NCSU students have not opened a new credit card account within the past year. As part of a project in a finance class, you are going to randomly select NCSU students walking in the brickyard and ask them if they have opened a new credit card account within the past year. To open a table in a new tab or new window right-click table. Question 1. How many students would you expect to survey before finding the first student who had not opened a new account in the past year? Use 2 decimal places in your answer. Question 2. When conducting your survey, what is the probability that the first student who has opened a new account in the past year is student number 4 that you survey? Use 4 decimal places in your answer.

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