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A financial advising clubhas a total of 2500 members, and 480 of them have placed a majority of their savings in stocks during the past
A financial advising clubhas a total of 2500 members, and 480 of them have placed a majority of their savings in stocks during the past year.
Use the graph below to calculate the probabilitythat a survey of 60 financial club members will find that 10 or fewerof them have placed a majority of their savings in stocks during the past year.
- Drag and movethe blue dot to select the appropriate probability graph area from the four options on the left. (Note - there are four graphs available to choose from. Only select between less than, greater than, and areabetween graphs.);
- Use the Central Limit Theorem to find p^and p^;
- Calculate the z-score for p^and move the slider along thex-axisto the appropriate z-score;
- The purple area under the curverepresents the probability of the event occurring.Interpret the purple area under the curve.
Round your answers to two decimal places.
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