College students are a major target for advertisments for cr

College students are a major target for advertisments for credit cards. At a university, 65% of students surveyed said they had opened a new credit card account within the past year. If that percentage is accurate, how many students would you expect to survey before finding one who had not opened a new account in the past year?

Solution

Given p=0.65

So expect =1/p

=1/0.65 =1.538462