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The probability that a business owner will go bankrupt in it first year is .34. For 25 like businesses, find the probability first by using the binomial probability formula, and then by using the normal approximation.

a. exactly 9 go bankrupt
b. No more than 3 go bankrupt

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The binomial probability formula is applied.

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The probability that a business owner will go bankrupt in it first year is .34. For 25 like businesses, find the ...

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