A survey found that 52% of U.S. teens ages 16 to 18 have a savings account. You

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A survey found that 52% of U.S. teens ages 16 to 18 have a savings account. You randomly select 45 U.S. teens ages 16 to 18 and ask them whether they have a savings account. Find the probability that the number who have a savings account is

(a) At most 15,

(b) Exactly 25, and

(c) Greater than 30, and

(d) Identify any unusual events. Explain.

Determine whether you can use a normal distribution to approximate the binomial distribution. If you can, use the normal distribution to approximate the indicated probabilities and sketch their graphs. If you cannot, explain why and use a binomial distribution to find the indicated probabilities.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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