Loan applications during the next week, Basic Statistics

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Loan applications during the next week

A loan officer in a large bank has been assigned to screen 60 loan applications during the next week. If her past record indicates that she turns down 20% of the applicants, what is the approximate probability that 50 or more of the 60 applicants will be approved?

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Basic Statistics: Loan applications during the next week

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Basic Statistics: Loan applications during the next week

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