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A youth and money survey, sponsored by the american savings education council talked to 1,000 students...

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Basic Math

A youth and money survey, sponsored by the american savingseducation council talked to 1,000 students about their personalfinance, ages 16-22. The survey found that 33% of students in thisage group have their own credit card. if a sub sample of 100students is taken from this survey what is the probability that 40or less will have their own credit card?

A.) Using the normal approximation for the binomial solve thisproblem, show all of your work in solving the problem.

Answer & Explanation Solved by verified expert
3.9 Ratings (466 Votes)
SolutionGiven thatP 0331 P 067n 100Here BIN n P that is BIN    See Answer
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