Normal approximation for this binomial distribution


In economics, of all new products put upon market, 90% fail and are taken off market in three years. Using normal approximation for this binomial distribution without correction for continuity; if store introduces 70 new products, determine the probability that fewer than 67 fail within the first three years?

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Basic Statistics: Normal approximation for this binomial distribution
Reference No:- TGS0862870

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