Approximate Binomial Probabilities Using the Normal Distribution

question 86

Multiple Choice

Approximate Binomial Probabilities Using the Normal Distribution
-A local concert center reports that it has been experiencing a 15% rate of no-shows on advanced reservations. Among 150 advanced reservations, find the probability that there will be fewer than 20 no-shows.

• A) 0.2451
• B) 0.7549
• C) 0.7967
• D) 0.3187

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Definitions:

Income Increases

A rise in the amount of money received, especially on a regular basis, by an individual or group.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, thereby imposing a higher percentage rate on higher-income earners.

High-Income

Earning a substantial amount of money, typically above the median income level in a given region or country.

Low-Income

Referring to individuals or families whose earnings are significantly lower than the average, often quantified by government standards.