Use the Normal Distribution to Approximate the Following Binomial Distribution

question 2

Short Answer

Use the Normal distribution to approximate the following Binomial distribution.
-Paramedics noticed that at a certain intersection 15% of all vehicles run the stop light. On a typical day, 1000 vehicles pass through the intersection. Find the probability that more than 175 cars will run the stop light.

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Definitions:

Fixed Costs

Costs that do not change with the amount of goods or services produced over the short term.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted into cash in the upcoming fiscal year, such as buildings, machinery, and equipment.

Variable Costs

Costs that vary directly with the level of production or volume of services provided, including materials and labor, contrasting with fixed costs.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.