Use the Normal Approximation to Find the Indicated Probability $n = 93 , p = 0.65 : P ( X < 57 )$

question 120

Multiple Choice

Use the normal approximation to find the indicated probability. The sample size is n, the population proportion of successes is p, and X is the number of successes in the sample. $n = 93 , p = 0.65 : P ( X < 57 )$

• A) 0.1949
• B) 0.8051
• C) 0.1867
• D) 0.2236

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Definitions:

Average Return

The arithmetic mean of a series of returns generated over a period of time.

Market Risk Premium

The additional return that an investor requires for choosing a risky market investment over a risk-free investment.

Beta

A measure of a stock's volatility in relation to the overall market, used to gauge the risk associated with a particular investment.

Beta Coefficient

A measure of a stock's volatility in relation to the overall market, indicating its risk level.