Explain why a normal distribution can be used as an approximation to a binomial distribution What conditions must be met to use the normal distribution to approximate the binomial distribution Why is a correction for continuity necessary ...

When p is approximately 05 and as n increases the shape of the binomi ...

Explain why a normal distribution can be used as an approximation to a binomial distribution. What conditions

Question:

Explain why a normal can be used as an approximation to a binomial What conditions must be met to use the normal to approximate the binomial Why is a correction for continuity necessary?
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...