SOLVED: Determine whether you can use the normal distribution to approximate the binomial distribution. If you can, use the normal distribution to approximate the indicated probabilities and sketch their graphs. If you cannot, explain why and use the binomial distribution to find the indicated probabilities.Question: A survey of adults in a region found that 71% have encountered fraudulent charges on their credit cards. You randomly select 100 adults in the region. Complete parts (a) through (d)
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SOLVED:Assume a binomial probability distribution has p=.60 and n=200 a. What are the mean and standard deviation? b. Is this situation one in which binomial probabilities can be approximated by the normal probability distribution? Explain. c. What is the probability of 100 to 110 successes? d. What is the probability of 130 or more successes? e. What is the advantage of using the normal probability distribution to approximate the binomial probabilities? Use part (d) to explain the advantage.
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