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...

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 78% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 60 new products, find the following probabilities. (Round your answers to four decimal places.)