Help Needed for Probability Problem - 2nd Year Economics Student

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The discussion revolves around a probability problem faced by a second-year economics student regarding the likelihood of at least 10 out of 18 randomly chosen students advancing to a master's level, given a 50% probability for each student. The correct approach involves applying the binomial distribution formula, specifically calculating the cumulative probability from 10 to 18 successes. One participant highlights an error in a previous calculation, emphasizing that the initial result was significantly underestimated. The conversation underscores the importance of understanding binomial distributions in probability problems. Clarity on these concepts is crucial for solving similar problems effectively.
tunganhtr
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Hi, I am a 2nd year student in Economics. I have some difficulties with probability. Here is a problem that I cannot solve and I need some help.

It is supposed that only 50% of the students of a sample will go up to the level master. One chooses by chance 18 students.
Which is the probability so that at least 10 go up to the level master.

I want just to know in this exercise, which is the law of probability that one must apply.
Thank you for your assistance, and I'm so sorry for my bad English.
 
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\Large \sum_{x=10}^{18}(.5)^x(.5)^{18-x}
 
Thanks you very much for the answer. It helps me a lot !
:)
 
tunganhtr, I feel I really should point out to you that marcmtlca's answer is INCORRECT. It doesn't help you as much as you think.

(In fact,
\Large \sum_{x=10}^{18}(.5)^x(.5)^{18-x}
= \Large \sum_{x= 10}^{18}(.5)^{18}
= 9(.5)^{18}= 0.00004196
which is much too small.)

Do you remember why this is called a "binomial" distribution?
 
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