n = 60, p = 0.4, x = 20 Compute P(x) using the binomial probability formula. Then

Question:

n = 60, p = 0.4, x = 20

Compute P(x) using the binomial probability formula. Then determine whether the normal distribution can be used as an approximation for the binomial distribution. If so, approximate P(x) and compare the result to the exact probability.

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...