Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. 5. the probability of a "yes" outcome for a partic

5. The probability of a "Yes" outcome for a particular binary (yes/no) event is 0.1. For...

70.2K

Verified Solution

Question

Basic Math

5. The probability of a "Yes" outcome for a particular binary(yes/no) event is 0.1. For a sample of n=1000 such events, let X bethe number of "Yes" outcomes. Use the Normal approximation to theBinomal distribution to answer the following questions.
a. What is the probability the X is less than 80: P(X<80)?
b. What is the probability that X is greater than 115:P(x>115)?
c. What is the probability that the proportion of Yes outcomes isgreater than 0.08: P[(X/n)>0.08]?
d. What is the probability that the proportion of Yes outcomes isless than 0.115: P[(X/n)<0.115]?

Answer & Explanation Solved by verified expert
3.9 Ratings (631 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Please answer in detail.(2 pages) At the core of a fluorescence microscope is the dichroic mirror. What...

Biology
1.2K views

These four different blood types result from different alleles of a single gene in the...

Physics
1.2K views

23 Two identical metallic spherical shells A and B having charges 40 and 10Q are...

Physics
1.2K views

22 Two objects A and B are moving with velocities V and va respectively in...

Statistics
1.2K views

Using intervals of width 10 how many intervals are needed for this graph to be...

Calculus
1.2K views

The functions fand g are defined as follows 2 f x 4x 3 g x...

Accounting
1.2K views

The number of common stock shares outstanding will be...

Accounting
1.2K views

Calcule el costo despus de impuestos de una emisin de deuda de $25 millones que...

Finance
1.2K views

Chrysler Corporation has a floating rate loan outstanding at 6m LIBOR +35bp (eg 9bp0009). The...

Finance
1.2K views

GIVEN THE FOLLOWING INTEREST RATES TODAY MATURITY YIELD 1 YEAR...

Accounting
1.2K views

Halo The following information applies to the questions displayed below Chavez Company most recently reconciled...

Finance
1.2K views

Parts A,B,C P11-11 (similar to) Question Help Operating cash inflows A firm is...