A brokerage survey reports that 29 % of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 90 individual investors is taken, approximate the probability that at most 28 have used a discount broker. Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Do not round any intermediate steps.
A brokerage survey reports that 29 % of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 90 individual investors is taken, approximate the probability that at most 28 have used a discount broker. Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Do not round any intermediate steps.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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A brokerage survey reports that
29
%
of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of
90
individual investors is taken, approximate the
28
have used a discount broker. Use the normal approximation to the binomial with a correction for continuity.
Round your answer to at least three decimal places. Do not round any intermediate steps.
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