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

question 130

Multiple Choice

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.

• A)0.0065
• B)0.0051
• C)0.0057
• D)0.0034

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Study Time

The period dedicated to educational activities or acquiring knowledge through reading, practice, and research.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Preferred Alternative

The most favorable option or choice among a set of possibilities, especially in the context of decision making or policy formulation.