What is the expected proportion of people

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Reference no: EM131400733

Qualifying exam. The proportion of people who pass a professional qualifying exam on the first try has a Beta distribution with α = 3 and β = 4.

a. What is the expected proportion of people who will pass on the first try at the next exam?

b. What is the standard deviation in the proportion of people who will pass on the first try at the next exam?

Reference no: EM131400733

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