Short Answer
Use the appropriate normal distribution to approximate the resulting binomial distribution.
The manager of Madison Finance Company has estimated that, because of a recession year, 5% of its 400 loan accounts will be delinquent. If the manager's estimate is correct, what is the probability that 27 or more of the accounts will be delinquent?
Round your answer to four decimal places, if necessary.
The probability is __________.
Correct Answer:

Verified
Correct Answer:
Verified
Q146: The histograms represent the probability distributions of
Q147: Use the appropriate normal distribution to approximate
Q148: Use the appropriate normal distribution to approximate
Q149: Give the range of values that the
Q150: The tread lives of the Super Titan
Q152: A woman purchased a $10,000, 1-year term-life
Q153: Use the formula <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6027/.jpg" alt="Use the
Q154: A die is cast repeatedly until a
Q155: Find <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6027/.jpg" alt="Find for
Q156: In a lottery, 6,000 tickets are sold