Advanced Placement (AP)

Historically, 79% of credit card users carry a balance from month-to-month. A certain credit card company would like to study the spending patterns of its cardholders in more detail and to start the analysis, takes a random sample of 142 cardholders. What is the probability more than 75% of these cardholders are carrying a balance? (Use 4 decimals.)

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Historically, 79% of credit card users carry a balance from month-to-month. A certain credit card co...

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