Suppose we have a binomial experiment in which success is defined to be a particular quality or

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Suppose we have a binomial experiment in which success is defined to be a particular quality or attribute that interests us.
(a) Suppose n = 100 and p = 0.23. Can we safely approximate the ^p distribution by a normal distribution? Why? Compute μ^p and σ^p .
(b) Suppose n = 20 and p = 0.23. Can we safely approximate the ^p distribution by a normal distribution? Why or why not?
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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Understanding Basic Statistics

ISBN: 9781111827021

6th Edition

Authors: Charles Henry Brase, Corrinne Pellillo Brase

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