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

question 123

Multiple Choice

Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution.
-A multiple choice test consists of 60 questions. Each question has 4 possible answers of which one is correct. If all answers are random guesses, estimate the probability of getting at least 20% correct.

• A)0.0901
• B)0.8508
• C)0.1492
• D)0.3508

Identify the significance of disagreement value in bargaining.

Grasp how outside options influence bargaining power.

Understand the dynamics of bargaining in a sales situation, including car buying.

Recognize how the presence of alternatives affects the terms of bargaining agreements.

---

Definitions:

Upright

Upright refers to an orientation or position in which something is situated vertically and straight relative to the ground or normal direction of gravity; often used to describe the posture of humans and objects.

Australopithecus Species

A group of extinct hominids closely related to humans, known for walking upright and living millions of years ago.

Sequence

An ordered list of elements or events that follow a specific pattern or arrangement.

Homo Erectus

An extinct species of hominid that lived from the end of the Pliocene epoch to the early Pleistocene, known for being one of the first to use fire and simple tools.