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Author Question: Approximate the following binomial probabilities by the use of normal approximation. Eight percent ... (Read 50 times)

lingual

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on: Mar 25, 2023

Approximate the following binomial probabilities by the use of normal approximation. Eight percent of customers of a bank keep a minimum balance of $500 in their checking accounts. What is the probability that in a random sample of 100 customers

a.exactly 6 keep the minimum balance of $500?
b.exactly 11 keep the minimum balance of $500?
c.6 or fewer keep the minimum balance of $500?
d.5 or more keep the minimum balance of $500?
e.10 or fewer keep the minimum balance of $500?
f.11 or fewer keep the minimum balance of $500?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by lingual on Mar 25, 2023

bball_babe_123

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lingual

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
:D TYSM

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