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Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution.
-A product is manufactured in batches of 120 and the overall rate of defects is 5%. Estimate the probability that a randomly selected batch contains more than 6 defects.
Breach of Contract
The inability to fulfill any condition or duty stipulated in a contract, agreement, or obligation due to the absence of a valid legal justification.
Enforceable
Capable of being executed or imposed as per law or agreement.
Verbal Offer
An offer made in spoken form rather than in writing, which may be binding depending on the context and jurisdiction.
Breach of Contract
Not adhering to any provision of a contract, both in written form or orally, without a legal rationale.
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