Use the binomial distribution with n = 20 and = .5 to compare the accuracy of
Question:
a. Compute the exact probabilities and corresponding normal approximations for y < 5.
b. The normal approximation can be improved slightly by taking P(y ≤ 4.5). Why should this help? Compare your results.
c. Compute the exact probabilities and corresponding normal approximations with the continuity correction for P(8 < y < 14).
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
An Introduction To Statistical Methods And Data Analysis
ISBN: 9781305465527
7th Edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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