Check in each case whether the values of n and satisfy the rule of thumb for
Question:
Check in each case whether the values of n and θ satisfy the rule of thumb for a good approximation, an excellent approximation, or neither when we want to use the Poisson distribution to approximate binomial probabilities.
(a) n = 125 and θ = 0.10;
(b) n = 25 and θ = 0.04;
(c) n = 120 and θ = 0.05;
(d) n = 40 and θ = 0.06.
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
John E Freunds Mathematical Statistics With Applications
ISBN: 9780134995373
8th Edition
Authors: Irwin Miller, Marylees Miller
Question Posted: