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In a True-False Exam with 100 Questions,passing Requires a Score

question 18

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In a True-False exam with 100 questions,passing requires a score of at least 60.What is the approximate normal probability that a "guesser" will score at least 60 points?


Definitions:

Total Amount

The complete sum of money or quantitative count, including all relevant parts or items added together.

Simple Interest

Interest earned or paid on the initial principal amount of an investment or loan.

Exact Interest

A method of calculating interest based on a 365-day year or the actual number of days in a year.

365-Day Year

A method used in finance that assumes a year has 365 days and is used for calculating interest rates or other financial metrics.

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