Use the Continuity Correction and Describe the Region of the Normal

question 135

Multiple Choice

Use the continuity correction and describe the region of the normal curve that corresponds to the indicated binomial probability.
-The probability of no more than 71 defective CD's

• A)The area to the left of 70.5
• B)The area to the right of 71.5
• C)The area to the left of 71.5
• D)The area to the left of 71

---

Definitions:

Character

In finance, character often refers to the qualitative assessment of a borrower's integrity and history in meeting debt obligations, used in credit analysis.

Capacity

The maximum amount that something can contain or produce, often used in the context of production and manufacturing facilities.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for certain other costs.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of a business.