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Each time Jim charges an item to his credit card, he will round-off the amount to the nearest dollar in his records. Assume that the
Each time Jim charges an item to his credit card, he will round-off the amount to the nearest
dollar in his records. Assume that the round-off error associated with each transaction is
uniform on the interval (-$0.50, $0.50). If he has used his credit card 300 times in the past
year, what is the approximate probability based on the Central Limit Theorem, that his record
differs from the average expenditure by at most
30
1
$ ?
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