According to data compiled by worldpopulationreview.com, Turkey's median income in 2021 was $5,251. In a group of 150 people selected at random, what is the chance that more than 80 of them would have incomes lower than the median? Use the normal approximation to the binomial distribution, together with the correction for continuity, to find the probability. Mean of the normal approximation is (Round to two decimal places) Standard deviation of the normal approximation is Probability is (Round to two decimal places) (Round to two decimal places)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question

2

According to data compiled by worldpopulationreview.com, Turkey's median income in 2021 was $5,251. In a group of 150 people selected at random,
what is the chance that more than 80 of them would have incomes lower than the median? Use the normal approximation to the binomial distribution,
together with the correction for continuity, to find the probability.
(Round to two decimal places).
Mean of the normal approximation is
Standard deviation of the normal approximation is
Probability is
(Round to two decimal places)
(Round to two decimal places)
Transcribed Image Text:According to data compiled by worldpopulationreview.com, Turkey's median income in 2021 was $5,251. In a group of 150 people selected at random, what is the chance that more than 80 of them would have incomes lower than the median? Use the normal approximation to the binomial distribution, together with the correction for continuity, to find the probability. (Round to two decimal places). Mean of the normal approximation is Standard deviation of the normal approximation is Probability is (Round to two decimal places) (Round to two decimal places)
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