Use the Appropriate Normal Distribution to Approximate the Resulting Binomial

question 151

Short Answer

Use the appropriate normal distribution to approximate the resulting binomial distribution.
​
The manager of Madison Finance Company has estimated that, because of a recession year, 5% of its 400 loan accounts will be delinquent. If the manager's estimate is correct, what is the probability that 27 or more of the accounts will be delinquent?
​
Round your answer to four decimal places, if necessary.
​
The probability is __________.

---

Definitions:

Foreshortening

The use of perspective to represent in art the apparent visual contraction of an object that extends back in space at an angle to the perpendicular plane of sight.

Linear Perspective

See perspective.

Venus Of Willendorf

A prehistoric statuette discovered in Austria, dating back to about 28,000 BCE, representing a female figure and thought to be related to fertility practices or goddess worship.

Anatomy

The branch of biology concerned with the study of the structure of organisms and their parts.