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Use the following information to answer the question. A pollotarian is a person who eats poultry but no red meat. A wedding planner does some research and finds that approximately 3.5% of the people in the area where a large wedding is to be held are pollotarian. Treat the 300 guests expected at the wedding as a simple random sample from the local population of about 200,000.
-Suppose the wedding planner assumes that only 3% of the guests will be pollotarian so she orders 9 pollotarian meals. What is the approximate probability that she will have too many pollotarian meals? Round to the nearest thousandth.
Discounted Note
A promissory note or loan that is sold or issued at a price lower than its face value, with the difference serving as interest earned by the lender.
Interest Charged
The cost incurred by borrowing money, calculated as a percentage of the principal amount loaned.
Discounted Note
A financial instrument representing a promise to pay, which is sold for less than its face value before maturity.
Note Proceeds
The amount of money generated from issuing a note payable, which is a written promise to pay a specified sum of money at a future date.
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