Find the values np and nq (recall q 1 p) for a binomial experiment with n 100 and p 0 02 Does this binomial distribution satisfy the rule for normal approximation Explain ...

Find the values np and nq (recall: q = 1 - p) for a binomial experiment with

Question:

Find the values np and nq (recall: q = 1 - p) for a binomial experiment with n = 100 and p = 0.02. Does this binomial satisfy the rule for normal approximation? Explain.
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...