3) A major credit card company is planning a new offer for their current cardholders. The company will give double airline miles on purchases for the next 6 months if the cardholder goes online and registers for this offer. To test the effectiveness of this campaign, the company recently sent out offers to a random sample of 50,000 cardholders. Of those, 1184 registered. A staff member suspects that the success rate for the full campaign will be more than the standard 2% rate that they are used to seeing in similar campaigns. What do you predict? a) What are the hypotheses? (2 pts) b) Is the condition for Normal Approximation met? Be sure to explain / show your calculations. (3 pts) c) Do you think the rate would increase if they use this fundraising campaign? (5 pts) Fully explain your reasoning, including all calculations & sketches - along with a sentence form explanation of your findings. (If you need extra space, ask your instructor for a blank sheet)