Use the Normal Approximation to Find the Indicated Probability $n$ , the Population Proportion of Successes Is

question 84

Multiple Choice

Use the normal approximation to find the indicated probability. The sample size is $n$ , the population proportion of successes is $p$ , and $X$ is the number of successes in the sample.
$$n = 75 , p = 0.52 : P ( 34 \leq X \leq 47 )$$

• A) 0.0250
• B) 0.1020
• C) 0.9750
• D) 0.8730

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Definitions:

Monetary Policy

A strategy employed by a nation's central bank to control the money supply, often targeting inflation or interest rates to ensure economic stability.

Economic Policy

The actions taken by a government to influence its economy, including fiscal policy (taxing and spending practices) and monetary policy (control of the money supply and interest rates).

Progressive Taxes

A tax system in which the rate of taxation increases as the taxable amount increases, thereby placing a higher financial burden on individuals or entities with higher incomes.

Regressive Taxes

Taxes that take a larger percentage of income from low-income earners than from high-income earners, inversely related to the taxpayer's ability to pay.