A brokerage survey reports that 40 of all individual


A brokerage survey reports that 40% of all individual investors have used a discount broker (one that does not charge the full commission). If a random sample of 135 individual investors is taken, approximate the probability that at least 56 have used a discount broker. Use the normal approximation to the binomial with a correction for continuity.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: A brokerage survey reports that 40 of all individual
Reference No:- TGS02559508

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)