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

question 121

Multiple Choice

Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution.
-Estimate the probability of getting exactly 43 boys in 90 births.

• A) 0.0159
• B) 0.0764
• C) 0.1628
• D) 0.0729

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Definitions:

Depreciation Expense

Methodically spreading out the expense of a physical asset across its period of usability.

Capital Lease

A lease classified as a purchase by the lessee, whereby the lessee records the leased asset as an owned asset on the balance sheet.

Bargain Purchase Option

A lease agreement provision allowing the lessee to purchase the leased asset at a price significantly lower than its expected fair market value at the end of the lease term.

Long-term Liability

A long-term liability is a financial obligation of a company that is due beyond one year, such as bonds payable, long-term leases, and pension obligations.