Under what circumstances is it permissible to use the normal distribution in approximating the binomial distribution?

Question:

Under what circumstances is it permissible to use the normal distribution in approximating the binomial distribution?

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

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: