A comic book costs $3.99, including tax. It is marked up 45%.
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Answer:
Step-by-step explanation:
If we approximate the binomial distribution with a normal distribution, we have to apply a correction factor for the fact that we are now dealing with a continuous variable instead of a discrete one, as it was with the binomial distribution.
The probability of no more than 35 defective CDs: P(X<35)
In this case, as X=35 is not included in the interval, we start the interval from X=35-0.5=34.5.
being Pb the probability under the binomial distribution and Pn the probability under the normal distribution.
The area for the normal distribution is the one below X=34 (or P(X<34)).