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Scores on a Test Are Normally Distributed with a Mean

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Scores on a test are normally distributed with a mean of 68.2 and a standard deviation of 10.4. Estimate the probability that among 75 randomly selected students, at least 20 of them score greater than 78.


Definitions:

Debt Financing

The raising of funds through borrowing, typically by issuing bonds or taking out loans, to finance an organization's operations or projects.

Capital

The money and property that a business needs to operate.

Corporation by Estoppel

A legal doctrine that prevents a person from denying the corporate existence of an entity when they have treated it as a corporation.

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