Explain why it might be convenient to approximate binomial probabilities by using areas under an appropriate normal

Question:

Explain why it might be convenient to approximate binomial probabilities by using areas under an appropriate normal curve.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics In Practice Using Data Modeling And Analytics

ISBN: 9781259549465

8th Edition

Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree

See More Books

Question Posted: Nov 26, 2018 10:19 AM

See More Questions

Check in each case whether the values of n and satisfy the rule of thumb for a good approximation, an excellent approximation, or neither when we want to use the Poisson distribution to approximate...
With regard to the use of a Poisson distribution to approximate binomial probabilities, on page 254 we stated that "As you might expect, the appropriate Poisson distribution is the one whose mean is...
Roughly speaking, you can use the Poisson probability formula to approximate binomial probabilities when n is large and p is small (i.e., near 0). Explain how to use the Poisson probability formula...
Certain merchandising transactions for Yule Park Gifts are listed below. November 2: Purchased 110 souvenir calendars at $9 each from Aloha Co. for cash Nov 4: Paid shipping costs $38 for the...
1. What was the goal of BP's "Pizza Game Changers" campaign: to sell pizzas or to build brand reputation? Support your response. 2. Despite suggestions that the decision to add, say, Pizza Tacos to...
Cloth bag filters are used to remove particulate matter from the gases passing out through several process and boiler stacks in a large industrial plant. The bags become clogged and must be replaced...
Heineken N.V. reports the following information for its Loans and Borrowings as of December 31, 2010, including proceeds and repayments for the year ended December 31, 2010 (euros in millions). 1....
Westchester City is constructing a new city hall. The building will cost $ 40,000,000 and is estimated to have a useful life of 40 years. Based on the experience of other similar cities, and the best...
business ethics.. case 9.2 work, privacy and autonomy... what is the strongest argument Lippke's offers to support his conclusion?
Define constellation diagram and explain its role in analog transmission.
Explain how to compute the z value corresponding to a value of a normally distributed random variable. What does the z value tell us about the value of the random variable?
Under what condition may we use the normal approximation to the binomial distribution?
As mentioned in the chapter, Research in Motion Inc. (RIM) is the Canadian company that developed the famous BlackBerry communications device. To answer the questions that follow, refer to Note 12...
Solve for "C" and "E": 1) E cos (15)-C=0 2) -300+ C+E sin (15) = 0
Let u=3, b. Compute uv, uv, 2-3 v =
Using Complex Numbers show that d cosz=-sinz dz
use for loops to solve the following problems 1. Write a complete C++ program that does the following. It asks the user to enter their age (which is assumed to be a positive integer). The program...
Profile Vickers hardness test Penetrating body: Square diamond pyramid :Test force F N ... 981 N (HV 5 ... HV 100) 49 :Measured value Diagonals of the square impression d Hardness value: F 0,189 F...
In Exercises find the indefinite integral. SIVT 1 x1 - (In x) Jz dx
Recall that Chapter 8 described the binary search algorithm for finding a particular entry in an ordered list. The idea behind binary search is to begin looking in the exact center of the list. If...
If 5 cards are drawn at random from a deck of 52 cards and are not replaced, find the probability of getting at least one diamond.
In recent years it was thought that approximately 1 in 110 children exhibited some form of autism. The most recent CDC study concluded that the proportion may be as high as 1 in 88. If indeed these...
Video games are rated according to the content. The average age of a gamer is 35 years old. In 2015, 15.5% of the video games were rated Mature. Choose 5 purchased games at random. Find the...
All else constant, if the yield to maturity of a bond increases, the the value of the bond __________. a. increases b. decreases c. remains the same d. not enough information To answer enter a, b, c,...
Martha s Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company s controller, Mathew Knight, has recently completed a cost study of the firm s...
1. Compute the productivity profiles for each year. If required, round your answers to two decimal places. 2a. Did productivity improve? 2b. Explain why or why not

Explain why it might be convenient to approximate binomial probabilities by using areas under an appropriate normal

Question:

Step by Step Answer:

Binomial tables are often una...View the full answer

Business Statistics In Practice Using Data Modeling And Analytics

Students also viewed these Mathematics questions