A recent report in BusinessWeek indicated that 28 percent of all employees steal from their company each year. (Round z-score computation to 2 decimal places and your final answers to 4 decimal places.)
If a company employs 50 people, what is the probability that:
(a) fewer than 9 employees steal?
(b) more than 9 employees steal?
(c) exactly 9 employees steal?
(d) more than 9 but fewer than 19 employees steal?
Using the continuity correction and standardizing, this solution is solved.