For a binomial distribution with n = 10 and p = 0.5, we should not use the
Question:
For a binomial distribution with n = 10 and p = 0.5, we should not use the Poisson approximation because the conditions n ≥ 100 and np ≤ 10 are not both satisfied. Suppose we go way out on a limb and use the Poisson approximation anyway. Are the resulting probabilities unacceptable approximations? Why or why not?
DistributionThe 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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
The Poisson approximation to Binomial distribution for a binomial ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
The random variable X has a binomial distribution with n = 10 and p = 0.5. Determine the following probabilities: (a) P(X =5) (b) P(X < 2) (c) P(X > 9) (d) P(3 < X <5)
-
The random variable X has a binomial distribution with n = 10 and p = 0.01. Determine the following probabilities. (a) P(X =5) (b) P(X < 2) (c) P(X > 9) (d) P(3 < X <5)
-
Using the computer, generate 200 random samples from a binomial distribution with n = 10 and p = .6. Derive a large sample two-sided 90% CI for p based on each sample?
-
The following information is available for Dylan Inc., a company whose shares are traded on the Toronto Stock Exchange: Other information: 1. For all of the fiscal year 2020, $100,000 of 6%...
-
Review the car-caravan analogy in Section lA. Assume a propagation speed of 100 kmJhour. a. Suppose the caravan travels 150 km, beginning in front of one tollbooth, passing through a second...
-
Negotiation. Key in the search phrase negotiation articles in a search engine such as http://www.wisenut.com. Select one article, print it out, read and highlight relevant points, and be prepared to...
-
How do socialization techniques help to discover tacit knowledge?
-
Following is a labeled flowchart for a steady-state two-unit process with boundaries shown to denote subsystems about which balances can be taken. State the maximum number of balances that can be...
-
The Coca-Cola Company's 2019 Net Income is $9 billion and Total Assets is $86 billion. Due to the pandemic, the company plans to downsize and reduce its Total Assets to $64 billion but keep the ROA...
-
IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys international headquarters accounting...
-
Based on past results found in the Information Please Almanac, there is a 0.1919 probability that a baseball World Series contest will last four games, a 0.2121 probability that it will last five...
-
Use the range rule of thumb to identify a range of values containing the usual number of peas with green pods. Based on the result, is it unusual to get only one pea with a green pod? Explain. Refer...
-
Evaluate the integral. 1 x3 - - dx 1
-
possible Submit quiz A researcher studies water clarity at the same location in a lake on the same dates during the course of a year and repeats the measurements on the same dates 5 years later. The...
-
A liquid hydrocarbon mixture was made by adding 295 kg of benzene, 289 kg of toluene and 287 kg of p-xylene. Assume there is no change of volume upon mixing, i.e., Vmix=0 , in order to determine: 1....
-
b) Maseru Development Bank has R850 million credit with Matsieng Hydroelectric Power, with a maturity of eighteen months. The expected loss for Maseru Development Bank is R22 million, and the...
-
Assume an organic compound has a partition coefficient between water and ethyl acetate equal to 8.12. If there are initially 7.10 grams of the compound dissolved in 75.0 mL of water, how many grams...
-
Berger Paint Pakistan limited produces three types of joint products, S ilver paint, G olden paint and D iamond paint. During March, 2020, the following information was recorded : Particulars Silver...
-
Alamar Petroleum Company offers its employees the option of contributing retirement funds up to 5% of their salaries, with the contribution being matched by Alamar. The company also pays 80% of...
-
3M Company reports the following financial statement amounts in its 10-K report: a. Compute the receivables, inventory, and PPE turnover ratios for both 2018 and 2017. (Receivables turnover and...
-
Complete the frequency table that corresponds to the frequency table in the exercise indicated by adding the relative frequency and cumulative relative frequency columns, accurate to 3 decimals....
-
Complete the frequency table that corresponds to the frequency table in the exercise indicated by adding the relative frequency and cumulative relative frequency columns, accurate to 3 decimals....
-
Complete the frequency table that corresponds to the frequency table in the exercise indicated by adding the relative frequency and cumulative relative frequency columns, accurate to 3 decimals....
-
true- false statement (c) Cost-based accounting is conservative
-
C. Inventory Revaluation Outdoor Recreation has the following three trailers in stock at the end of the year: Model #1103 #1204 #1305 Original cost 5,500 7,200 9,000 Expected sales price 5,700 8,500...
-
true- false statement (8) Unanimity implies that shareholders have no incentive to use their voting rights. (1) With corporate income tax, retention dominates dividends
Study smarter with the SolutionInn App