Let, X = the random variable denoting the number of people will agree with the given statement, X = 0, 1, ... , 7.
We have 83% of the Filipinos think that having a college education is important to succeed in life i.e. the probability of people agreeing with this statement is 83% = 0.83.
Then X ~ bin(n = 7, p = 0.83)
The p.m.f. of X is given by,
P(X = x) "= \\begin{cases}\n \\dbinom{7}{x}(0.83)^x(1-0.83)^{7-x} &\\text{for } x=0,1,...,7 \\\\\n 0 &\\text{otherwise }\n\\end{cases}"
Now, the probability that the exactly 4 people will agree with that statement
= P(X = 4)
= "\\dbinom{7}{4}(0.83)^4(1-0.83)^{7-4}"
= 0.0816 (rounded to 4 decimal places)
Answer: The probability that exactly four people will agree with the given statement is 0.0816.
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