It Has Been Found That 62

question 137

Essay

It has been found that 62.1% of all unsolicited third class mail delivered to households goes unread.If,over the course of a month,a household receives 150 pieces of unsolicited mail,what is the probability that the household discards more than 80 pieces of the mail without reading it? Use the normal approximation for the binomial distribution.

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Definitions:

Shareholders' Agreement

A contract among the shareholders of a company that specifies their rights, obligations, and the company's operational procedures.

Special Act Corporation

A corporation that is created by a specific act of a legislature, tailored for a particular purpose or corporation.

Statutory Corporation

A corporation created by statute, typically owned by the government, to carry out specific governmental or public functions.

Oppression Remedy

Legal relief available to shareholders or members of a corporation when their rights are unfairly prejudiced or disregarded by others in power within the company.