Approximate the Following Binomial Probabilities by the Use of Normal

question 131

Short Answer

Approximate the following binomial probabilities by the use of normal approximation. Twenty percent of students who finish high school do not go to college. What is the probability that in a sample of 80 high school students
a.exactly 10 will not go to college?
b.70 or more will go to college?
c.fourteen or fewer will not go to college?

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Definitions:

Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specific time frame.

Identical Amounts

Equal quantities or volumes of a particular item or variable.

Capital

Financial assets or the financial value of assets, such as cash, properties, and machinery, used in a business to generate wealth.