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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?

Solution Summary

Using the continuity correction and standardizing, this solution is solved.