Use the Appropriate Normal Distribution to Approximate the Resulting Binomial

question 31

Multiple Choice

Use the appropriate normal distribution to approximate the resulting binomial distribution. ​
Jorge sells magazine subscriptions over the phone. He estimates that the probability of his making a sale with each attempt is .12. What is the probability of Jorge making more than 10 sales if he makes 80 calls?
​

• A) The probability is 0.2709.
• B) The probability is 0.3465.
• C) The probability is 0.2599.
• D) The probability is 0.2683.

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Definitions:

Financing Statement

A document filed to give public notice of a secured transaction, typically in relation to personal property, establishing a priority interest in the property for the creditor.

Constructive Notice

Notice presumed by law that an individual should have known, often through the public recording of documents, even if they were unaware.

Perfect Security Interest

An interest that is legally protected and established in a way that no other claimant can have a higher claim upon the collateral in question.

Purchase Money

Funds that are used specifically for the acquisition of assets, often related to real estate transactions or personal property.