Check each binomial distribution to see whether it can be approximated by a normal distribution (i.e., are
Question:
Check each binomial distribution to see whether it can be approximated by a normal distribution (i.e., are ≥ 5 and ≥5?).
a. n = 20, p = 0.5
b. n = 10, p = 0.6
c. n = 40, p = 0.9
d. n = 50, p = 0.2
e. n = 30, p = 0.8
f. n = 20, p = 0.85
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: