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A manufacturing process produces semiconductor chips with a known failure rate of 5.4%. If a random sample of 260 chips is selected, approximate the probability

A manufacturing process produces semiconductor chips with a known failure rate of 5.4%. If a random sample of 260 chips is selected, approximate the probability that fewer than 16will be defective. Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Do not round any intermediate steps.

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