A brokerage survey reports that 33% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sampleof 135 individual investors is taken, approximate the probability that fewer than 46 have used a discount broker. Use the normal approximation to the binomialwith 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.)ContinueXSOΣhpⓇSubmit AssignmentⒸ2022 McGraw Hill LLC. All Rights Reserved. Terms of Use Privacy Center AccessibilityAug 19

Given that p = 33% = 0.33 , q = 1 - p = 1 - 0.33 = 0.67 n = 135

Answered: A brokerage survey reports that 33% of…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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