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Binomial Probability: High school graduates going to college

In a large metropolitan area, past records revealed that 30 percent of all the high school graduates go to college. From 20 graduates selected at random, what is the probability that exactly 8 will go to college?

A. 0.114
B. 0.887
C. 0.400
D. 0.231

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The solution provides step by step method for the calculation of binomial probability that exactly 8 high school graduates will go to college . Formula for the calculation and Interpretations of the results are also included.