Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

A brokerage survey reports that 31% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 90 individual investors is taken, approximate the probability that at least 25 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.)

Sagot :

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.