Suppose we have a binomial experiment in which success is defined to be a particular quality or
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(a) Suppose n = 33 and p = 0.21. Can we approximate the ^p distribution by a normal distribution? Why? What are the values of μ^p and σ^p?
(b) Suppose n = 25 and p = 0.15. Can we safely approximate the ^p distribution by a normal distribution? Why or why not?
(c) Suppose n = 48 and p = 0.15. Can we approximate the ^p distribution by a normal distribution? Why? What are the values of μ^p and σ^p?
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...
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Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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