Suppose that 62% of all college seniors have a job prior to graduation. If a random sample of 100 college seniors is taken, approximate the probability that fewer than 59 have a job prior to graduation. 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.)

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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**Problem Statement:**

Suppose that 62% of all college seniors have a job prior to graduation. If a random sample of 100 college seniors is taken, approximate the probability that fewer than 59 have a job prior to graduation. 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.)*
Transcribed Image Text:**Problem Statement:** Suppose that 62% of all college seniors have a job prior to graduation. If a random sample of 100 college seniors is taken, approximate the probability that fewer than 59 have a job prior to graduation. 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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