A brokerage survey reports that 32% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 140 individual investors is taken, approximate the probability that fewer than 41 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.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 69E
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A brokerage survey reports that 32% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample
of 140 individual investors is taken, approximate the probability that fewer than 41 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.)
?
Transcribed Image Text:A brokerage survey reports that 32% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 140 individual investors is taken, approximate the probability that fewer than 41 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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