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

question 178

Multiple Choice

Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution.
-With $\mathrm { n } = 20 \text { and } \mathrm { p } = 0.60 \text {, estimate } \mathrm { P } ( \text { fewer than } 8 \text { ) . }$

• A) 0.4953
• B) 0.4332
• C) 0.0668
• D) 0.0202

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Definitions:

Organizational Buyers

Those who make purchasing decisions on behalf of a company or organization, often including considerations like bulk buying, contractual negotiations, and supplier relationships.

Nondurable Good

Products that are consumed or are only usable for a short period before they are depleted or become unusable.

Product Development

The comprehensive process of bringing a new product or service to market, from idea generation to commercialization.

Nondurable Good

A product that is consumed or has a lifespan significantly shorter than three years, such as food products, fuel, or cleaning supplies.