For the binomial distribution described in the previous exercise, approximate the following probabilities using the normal approximation

Question:

For the binomial distribution described in the previous exercise, approximate the following probabilities using the normal approximation with the continuity correction.

a. P(25 ≤ x ≤ 40)

b. P(25 < x < 40) (25 < x < 40 is the same as 26 ≤ x ≤ 39.)

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...

Fantastic news! We've Found the answer you've been seeking!