Use the Normal Approximation to the Binomial Distribution to Answer

question 109

Multiple Choice

Use the normal approximation to the binomial distribution to answer this question. Eleven 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) 0.0285
• B) 0.9935
• C) 0.0065
• D) 0.9715

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Definitions:

Positive

In the context of economic analysis, it often refers to a fact-based approach that attempts to describe how economic systems actually work without making judgments about their desirability.

Circular-Flow Diagram

A model that illustrates the movement of goods, services, and money between households and businesses in an economy.

Factor Market

A marketplace where services of the factors of production (labor, land, capital) are bought and sold.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the government.