Approximate Binomial Probabilities Using the Normal Distribution

question 107

Multiple Choice

Approximate Binomial Probabilities Using the Normal Distribution
-Find the probability that in 200 tosses of a fair six-sided die, a three will be obtained at most 40 times.

• A) 0.9131
• B) 0.1190
• C) 0.8810
• D) 0.0853

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Definitions:

Liquidation Of Assets

This process involves converting assets into cash or cash equivalents by selling them, typically during the winding down or bankruptcy of a business.

Common Shareholders

Individuals or entities that hold common stock in a corporation, entitling them to dividends and voting rights, but placing them last in priority for company assets in case of liquidation.

Dissolve

To formally end or terminate an entity, such as a corporation, partnership, or marriage, through legal means.

Outstanding Common Shares

The total number of common shares of a corporation that are issued and currently held by shareholders.