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A study determined 35% of Millennials in America have no credit card debt. By assuming p...

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Statistics

A study determined 35% of Millennials in America have no creditcard debt. By assuming p = .35 is asuccess (no debt), if a random sample of 50 millennials wasselected, find the probability that 20 of them have no debt. Usethe normal distribution as an approximation to solve this binomialproblem.

Compute the approximate probability using thenormal distribution. (Round to 2 places).

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