Question
a certain characteristic is present in 4% of a given population. If X represents the number in a sample of size n who have the
a certain characteristic is present in 4% of a given population. If X represents the number in a sample of size n who have the characteristic, the X has a binomial distribution. How large must n be in order that the normal approximation to the distribution of x be valid?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
