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%...


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.<br>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.<br>(Round your answers to four decimal places.)<br>n USE SALT<br>(a) within 2 years 47 or more fail<br>0.8968<br>(b) within 2 years 58 or fewer fail<br>0.9877<br>(c) within 2 years 15 or more succeed<br>0.5788<br>(d) within 2 years fewer than 10 succeed<br>0.0483<br>Need Help?<br>Read It<br>

Extracted text: 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.) n USE SALT (a) within 2 years 47 or more fail 0.8968 (b) within 2 years 58 or fewer fail 0.9877 (c) within 2 years 15 or more succeed 0.5788 (d) within 2 years fewer than 10 succeed 0.0483 Need Help? Read It

Jun 01, 2022
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