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A manufacturing process produces semiconductor chips with a known failure rate of 7,4%. If a random sample of 295 chips is selected, approximate the probability that fewer than 22 will be defective. Use the normal approximation to the binomial with a correction for continuity.Round your answer to at least three decimal places. Do not round any intermediate steps.

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To determine the probability using a normal approximation we need to determine the z-score of the sample. To do that we use the following formula:


z=(x-\mu)/(\sigma)

Where:


\begin{gathered} z=\text{ z-score} \\ \mu=\text{ mean} \\ \sigma=\text{ standard deviation} \end{gathered}

First, we need to calculate the mean. To do that we use the following formula:


\mu=n\pi

Where


\begin{gathered} n=\text{ sample size} \\ \pi=\text{ failure rate in decimal form} \end{gathered}

To determine the decimal form of the failure rate we divide the percentage by 100, like this:


\pi=(7.4)/(100)=0.074

The sample size, in this case, is 295. Substituting we get:


\begin{gathered} \mu=(295)(0.074) \\ \mu=21.83 \end{gathered}

Now, we need to calculate the standard deviation. We do this using the following formula:


\sigma=√(n\pi(1-\pi))

Substituting the values we get:


\sigma=\sqrt[]{(295)(0.074)(1-0.074)}

Solving the operations:


\sigma=4.49

Since we are approximating to binomial we need to use a continuity correction factor of 0.5 to the number of chips we are considering. Let "x" be the number of chips, we have that:


x=22-0.5=21.5

Now we substitute in the formula for the z-score:


z=(21.5-21.83)/(4.49)

Now, we solve the operations:


z=-0.073

Therefore, in the binomial distribution, we need to determine the area for z = -0.073. Therefore, the probability is:


P(x<22)=0.472

Therefore, the probability is 0.472

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