Do the following a Find the indicated binomial probability using Table A l in Appendix A If np 5 and nq 5, also estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution if np 5 or nq 5, then state that the normal approximation is not suita...

Binomial n 14 and p 50 a from Table A1 Px 8 183 b ...

Do the following: a. Find the indicated binomial probability using Table A-l in Appendix A. If np

Question:

Do the following:
a. Find the indicated binomial probability using Table A-l in Appendix A.
If np ≥ 5 and nq ≥ 5, also estimate the indicated probability by using the normal as an approximation to the binomial if np < 5 or nq < 5, then state that the normal approximation is not suitable.
With n = 14 and p = 0.50, find P(8).
Distribution
The 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...