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Suppose we have a box with 200 tickets. 40 of the tickets (20%) are labeled 1, and 160 of the tickets (80%) are labeled 0.

Suppose we have a box with 200 tickets. 40 of the tickets (20%) are labeled 1, and 160 of the tickets (80%) are labeled 0. I am going to draw 55 times with replacement from the box.

True or False: We have enough draws in this situation to use the normal approximation to find the chance that in my 55 tickets, the percentage of 1's is between 15% and 25%.

True or False?

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Essentials of Business Law

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