A brokerage survey reports that 27% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 80 individual investors is taken, approximate the probability that more than 18 have used a discount broker. Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Do not round any intermediate steps. (If necessary, consult a list of formulas.)

A brokerage survey reports that 27% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 80 individual investors is taken, approximate the probability that more than 18 have used a discount broker. Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Do not round any intermediate steps. (If necessary, consult a list of formulas.)

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A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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