According to Government Data, the Probability Than an Adult Never

question 52

Essay

According to government data, the probability than an adult never had the flu is 15%. You randomly select 75adults and ask if he or she ever had the flu. Decide whether you can use the normal distribution toapproximate the binomial distribution, If so, find the mean and standard deviation, If not, explain why. Roundto the nearest hundredth when necessary.

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Definitions:

Account Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Excess Cash

The amount of cash holdings that exceeds what a company requires for its immediate operational needs, often considered for investment or distribution.

Little Return

A situation where an investment yields a minimal profit, often below the expectations of the investor.

Low Level of Cash

This term indicates a situation where a business or individual has minimal amounts of liquid assets or money on hand.