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

---

Definitions:

Long-Term Investments

Assets intended to be held for more than one year, including stocks, bonds, real estate, and other financial instruments.

Equity Securities

Financial instruments that represent ownership interests in corporations, such as stocks.

Market Prices

The current price at which an asset or service can be bought or sold in a particular marketplace.

Formative Evaluation

An evaluative process conducted during the development of a program or project to improve its design and performance through ongoing feedback.