Use the Appropriate Normal Distribution to Approximate the Resulting Binomial

question 148

Multiple Choice

Use the appropriate normal distribution to approximate the resulting binomial distribution. A basketball player has a 75% chance of making a free throw. What is the probability of her making 80 or more free throws in 120 trials?

• A) The probability is 0.9822.
• B) The probability is 0.9864.
• C) The probability is 0.9744.
• D) The probability is 0.9898.

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Definitions:

Money Outflow

The movement of money out of a particular country, market, or economic sector, often to foreign countries or investments.

Balance of Payments

A comprehensive record of all monetary transactions between a country and the rest of the world over a specific period, including trade, financial transfers, and investments.

Current Account

The section of a country's balance of payments that records the imports and exports of goods and services, net earnings from abroad, and net transfer payments over a period of time.

Goods Deficit

A situation where the value of a country's imports of goods exceeds the value of its exports of goods.