Use a Graphing Calculator to Develop a Simulation of the Given

question 22

Essay

Use a graphing calculator to develop a simulation of the given problem (100 trials). Describe the simulation, then
estimate the probability based on its results.
-The probability that when 75 people are surveyed, at least five of them have the same birth date. (Ignore leap years).

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Definitions:

Dishonored Checks

Checks that a bank refuses to pay or cash, typically because the account holder has insufficient funds.

Dishonor

In the context of finance, refers to the refusal or inability of a party to pay a debt when it is due.

Instrument

A formal legal document, such as a contract, will, promissory note, or warrant, that establishes rights, privileges, or liabilities.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date.