When a binomial distribution is used to approximate the probability of accepting the lot of size 5000 items and if the lot is accepted only when no defective items are found in a sample of size n=50, then the probability of acceptance P(A) of the lot when p=0.01 is approximately (correct to 3 decimal places): Select one: a. 1.000 b. 0.990 c. 0.395 d. 0.605