Estimate the Indicated Probability by Using the Normal Distribution as an Approximation

question 59

Multiple Choice

Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution. Two percent of hair dryers produced in a certain plant are
Defective. Estimate the probability that of 10,000 randomly selected hair dryers, at least 219
Are defective.

• A)0.0823
• B)0.9066
• C)0.0869
• D)0.0934

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Definitions:

Potential Returns

The expected financial gains or profits that may be realized from an investment or business venture.

Startup Businesses

Newly established enterprises in the early stages of operation, typically focused on unique product or service offerings.

Cosign

To sign jointly with another or others, especially to share responsibility for a loan or lease.

Debt

An amount of money borrowed by one party from another, often with the agreement that it will be paid back with interest.