Question: Check to use normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. It is known that 80% of all

Check to use normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. It is known that 80% of all new products introduced in grocery stores fail within 2 years. The grocery store chain introduces 69 new products, find the following probabilities. ( round your answer to four decimal places)

(a) within 2 years 47 or more fail (b) within 2 years 58 or fewer fail (c) within 2 years 15 or more succeed (d) within 2 years fewer than 10 succeed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Check to use normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. It is estimated that 3.5% of the general population will live past their...

statistics and probability 7. [-/2 Points] DETAILS BBUNDERSTAT12 6.6.014.5. In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal...

6,6hw 1 Consider a binomial experiment with20trials and probability0.55of success on a single trial.(a) Use the binomial distribution to find the probability of exactly 10 successes. (Round your...

Please solve 7. [0.2!0.42 Points] BBUNDERSTAT126.6.011. In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to...

15. In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. Do you try to pad...

88 U Links In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. It is...

In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. It is estimated that...

19. In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. What are the...

Question 6 and 7 Ocean fishing for billfish is very popular in the Cozumel region of Mexico. In the Cozumel region about 46% of strikes (while trolling) resulted in a catch. Suppose that on a given...

Griffy, Rodriguez, and Martinez, a CPA firm, is preparing to bid for a consulting job. Although Alicia Martinez will use her judgment about the market in finalizing the bid, she has asked you to...

Happy Birthday! You are 30 years old today. You want to retire at age 60. You want to have 2,400,000 at retirement. Realistically, you know that the most that you can save from your 31st birthday...

7 - 2 5 ( Objectives 7 - 8 , 7 - 9 ) The following questions concern audit documentation. Choose the best response. 1 . Which of the following is not a primary purpose of audit documentation? 1 . To...

The coronavirus is hitting businesses and their employees. Some businesses are still open and millions of employees are working to serve customers. Some of the employees work in their workplaces...

3. List four goals that are important to you. Then set up the roles that correspond to these goals. How will you shape your personal vision as a result of your goals and roles?

1. What does this mean for me?

2. Think of a person you really appreciate and who is a role model for you, such as something you admire for what the person does or has done (historical people, friends, family, from fairy tales,...