We have to find the probability of randomly drawing a chip number that is smaller than 213.
As the chips are numbered from 1 to 348,this probability will be equal to the proportion of chips that have a number that is less than 213.
We have 212 chips in the bag that have a number less than 213, so we can calculate the probability P as:
[tex]P=\frac{X}{N}=\frac{212}{348}=\frac{53}{87}\approx0.6092[/tex]Answer: the probability is 53/87 or approximately 0.6092.
