John applied for a loan of $5,000.00 with an annual interest rate of 3% to be repaid monthly for a year. The loan terms include
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Answer:
The probability that at most 38 of the 60 relays are from supplier A is P(X≤38)=0.3409.
Step-by-step explanation:
We can model this question with a binomial distribution random variable.
The sample size is n=60.
The probability that the relay come from supplier A is p=2/3 for any relay.
If we use a normal aproximation, we have the mean and standard deviation:
The probability that at most 38 of the 60 relays are from supplier A is P(X≤38)=0.3409: