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

question 147

Multiple Choice

Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution.
-A certain question on a test is answered correctly by 22% of the respondents. Estimate the probability that among the next 150 responses there will be at most 40 correct answers.

• A)0.8997
• B)0.0694
• C)0.1003
• D)0.9306

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Definitions:

Consultative Selling

A sales approach where the salesperson acts more as an advisor than a pusher of products, helping the customer identify needs and offering solutions that meet those needs.

Anticipatory Breach

When one party indicates before the time of performance that they will not fulfill their part of the contract.

Performance

The execution or accomplishment of work, acts, feats, or functions as specified in a contract or agreement.

Repudiation

The rejection or denial of a duty, obligation, or contract.