With reference to Exercise 6.75, show that the Poisson distribution would have yielded a better approximation. In

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With reference to Exercise 6.75, show that the Poisson distribution would have yielded a better approximation.
In Exercise
Suppose that we want to use the normal approximation to the binomial distribution to determine b(1;150,0.05).
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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