Where appropriate, work the following binomial distribution problems by using the normal curve. Also, use Table A.2
Question:
Where appropriate, work the following binomial distribution problems by using the normal curve. Also, use Table A.2 to find the answers by using the binomial distribution and compare the answers obtained by the two methods.
a. P (x = 8 | n = 25 and p = .40) =?
b. P (x ≥ 13 | n = 20 and p = .60) =?
c. P (x = 7 | n = 15 and p = .50) =?
d. P (x < 3 | n = 10 and p = .70) =?
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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a P x 8 n 25 and p 40 n p 2540 10 npq 254060 2449 3 10 32449 10 7347 2653 to 17347 lies between 0 an...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
