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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, exactly 225 are defective.
Marginal Products
The additional output that is produced by employing one more unit of a specific input, while keeping other inputs constant.
Exponents
mathematical operations denoting how many times a number, the base, is multiplied by itself.
Marginal Products
The increase in output resulting from a one-unit increase in the quantity of a single input, keeping others constant.
Exponents
Mathematical notation indicating the number of times a number (the base) is multiplied by itself.
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