Approximate the Following Binomial Probabilities by the Use of Normal

question 131

Short Answer

Approximate the following binomial probabilities by the use of normal approximation. Twenty percent of students who finish high school do not go to college. What is the probability that in a sample of 80 high school students
a.exactly 10 will not go to college?
b.70 or more will go to college?
c.fourteen or fewer will not go to college?

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Definitions:

China

A country in East Asia, known for its long history, diverse culture, and significant influence on global politics and economy.

Currency Exchange Rate

The value of one currency for the purpose of conversion to another, dictating how much one currency is worth in terms of another.

Value Fluctuation Rate

The rate at which the value of an asset or currency rises or falls over a specific period of time.

NAFTA

The North American Free Trade Agreement, which was an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the respective countries.