Use the Appropriate Normal Distribution to Approximate the Resulting Binomial

question 147

Short Answer

Use the appropriate normal distribution to approximate the resulting binomial distribution.
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Colorado Mining and Mineral has 800 employees engaged in its mining operations. It has been estimated that the probability of a worker meeting with an accident during a 1-year period is .1. What is the probability that more than 100 workers will meet with an accident during the 1-year period?
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Round your answer to four decimal places, if necessary.
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The probability is __________.

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Definitions:

Moral Hazard

The situation where one party engages in risky behavior because they know another party bears the consequences of that risk.

Pay Them In Advance

The act of settling a payment for goods, services, or work before they have been delivered or completed.

Employer-Worker Relationship

The professional and legal dynamics between employers and their employees, encompassing aspects of rights, duties, and workplace culture.

Principal

The original sum of money borrowed in a loan, or the initial amount of investment, excluding any interest or profits.