Suppose you are conducting a binomial experiment that has 15 trials and the probability of success of 02 According to the sample size requirements, you cannot use the normal distribution to approximate the binomial distribution in this situation Use the mean and standard deviation of this binomial ...

np 1502 30 and npq 150298 54221767 Since np 5 the normal approximation to the binomial is ...

Suppose you are conducting a binomial experiment that has 15 trials and the probability of success of

Question:

Suppose you are conducting a binomial experiment that has 15 trials and the probability of success of .02. According to the sample size requirements, you cannot use the normal to approximate the binomial in this situation. Use the mean and standard deviation of this binomial and the empirical rule to explain why there is a problem in this situation. 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...