Use the Normal Distribution to Approximate the Desired Probability

question 53

Multiple Choice

Use the normal distribution to approximate the desired probability.
-Find the probability that in 200 tosses of a fair die, we will obtain at least 30 fives.

• A) 0.5871
• B) 0.6229
• C) 0.8871
• D) 0.7673

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Definitions:

Effective Interest Rate

The real cost of borrowing, taking into account the effects of compounding interest.

Debt Security

A financial instrument representing a loan made by an investor to a borrower, typically corporate or governmental, where the borrower is obligated to pay back with interest.

Expected Cash Flows

The estimated amount of money to be received or paid out over a period in the future.

Other-Than-Temporary Impairments

Losses recognized on investments when a decline in value is judged to be long-term rather than temporary, impacting the value of securities on a balance sheet.