Use the Normal Approximation to the Binomial Distribution to Answer

question 154

Multiple Choice

Use the normal approximation to the binomial distribution to answer this question. Fifteen percent of all students at a large university are absent on Mondays. If a random sample of 12 names is called on a Monday, what is the probability that four students are absent?

• A)0.0683
• B)0.0213
• C)0.0021
• D)0.1329

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Definitions:

Hostile Takeover

An acquisition attempt by a company or individual to obtain control of another company against the wishes of the target company's management and board of directors.

Duty Of Loyalty

A fiduciary responsibility that requires individuals to act in the best interest of another party, such as a corporation or its shareholders.

Duty Of Care

An obligation to take reasonable care to avoid causing harm to another person.

Minority Shareholders

Individuals or entities that own less than 50% of a company's shares, often with limited control over corporate decisions.