In the following problem, check that it is appropriate to use the normal approximation to the...
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. Ocean fishing for billfish is very popular in the Cozumel region of Mexico. In the Cozumel region about 42% of strikes (while trolling) resulted in a catch. Suppose that on a given day a fleet of fishing boats got a total of 24strikes. Find the following probabilities. (Round your answers to four decimal...
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. Ocean fishing for billfish is very popular in the Cozumel region of Mexico. In the Cozumel region about 43% of strikes (while trolling) resulted in a catch. Suppose that on a given day a fleet of fishing boats got a total of 30 strikes. Find the following probabilities. (Round your answers to four...
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 an insurance claim to cover your deductible? About 39% of all U.S. adults will try to pad their insurance claims! Suppose that you are the director of an insurance adjustment office. Your office has just received 124 insurance claims to be processed in the next few days. Find...
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 known that 82% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 64 new products, find the following probabilities. (Round your answers to four decimal places.) (a) within 2 years 47 or more fail (b) within 2...
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 known that 77% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 64 new products, find the following probabilities (Round your answers to four decimal places.) (a) within 2 years 47 or more fail (b) within 2...
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 known that 75% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 62 new products, find the following probabilities. (Round your answers to four decimal places.) (a) within 2 years 47 or more fail (b) within 2...
In the following problem, check that it is appropriate to use the normal approdimation to the binomial. Then use the normal distribution to estimate the requested probabilities. it is known that 76% of all new products introduced in grocery stores fall are taken off the market) within 2 years. If a grocery store chain introduces 70 new products, find the following probabilities. (Round your answers to four decimal places.) (a) within 2 47 or more fail ase within 2 years...
1. 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 known that 76% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 63 new products, find the following probabilities. (Round your answers to four decimal places.) (a) within 2 years 47 or more fail (b) within...
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 an insurance claim to cover your deductible? About 40% of all U.S. adults will try to pad their insurance claims! Suppose that you are the director of an insurance adjustment office. Your office has just received 128 insurance claims to be processed in the next few days. Find...
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 an insurance claim to cover your deductible? About 45% of all U.S. adults will try to pad their insurance claims! Suppose that you are the director of an insurance adjustment office. Your office has just received 130 insurance claims to be processed in the next few days. Find...