When is the normal distribution not a good approximation for the binomial distribution?
Question:
When is the normal distribution not a good approximation for the binomial distribution?
DistributionThe 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:
Answer rating: 80% (10 reviews)
When p is close to 0 or 1 and 8 is small the nor...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Elementary Statistics A Step By Step Approach
ISBN: 9781259755330
10th Edition
Authors: Allan G. Bluman
Question Posted:
Students also viewed these Mathematics questions
-
The 2 goodness-of-fit test (see Chapter 10) is based on an asymptotic approximation to the distribution of the test statistic. For small to medium samples, the asymptotic approximation might not be...
-
Suppose that X has the standard normal distribution, and the conditional distribution of Y given X is the normal distribution with mean 2X 3and variance 12. Determine the marginal distribution of Y...
-
The Eaton Company sells breakable china through a mail-order system that has been very profitable. One of its major problems is freight damage. It insures the items at shipping, but the inconvenience...
-
The coordinates of points A and B are given below: Easting Northing Height (meter) (meter) (meter) 41.676 66.446 225.973 127.066 31.063 185.401 Point A B What is the bearing of AB (from A to B)?...
-
To help you understand and compare the performance of two companies in the same industry. Find the Columbia Sportswear Company Annual Report located in Appendix A, and go to the financial statements...
-
Suppose that you have a 9.0-V battery and wish to apply a voltage of only 3.5 V. Given an unlimited supply of 1.0- resistors, how could you connect them to make a "voltage divider" that produces a...
-
According to the National Education Association (NEA), teachers generally spend more than 40 hours each week working on instructional duties. The following data show the number of hours worked per...
-
Horse Country Living publishes a monthly magazine for which a 12-month subscription costs $30. All subscriptions require payment of the full $30 in advance. On August 1, 2010, the balance in the...
-
Peter Smith was the owner and operator of Long Arm Guns based in Nashville, TN. Peter had bought and sold guns legally for years as a licensed arms merchant. In January of 2022, Peter sold an Ak47...
-
Your spouse works at a middle school and reports rumors of a teacher, Zane Wilkens, molesting some students and taking illicit pictures of them. Zane allegedly viewed these pictures in his office....
-
An advertising company plans to market a product to low-income families. A study states that for a particular area, the average income per family is $24,596 and the standard deviation is $6256. If...
-
Find the probabilities for each, using the standard normal distribution. P(0 < z < 1.96)
-
Lotts Company produces and sells one product. The selling price is $10, and the unit variable cost is $6. Total fixed cost is $10,000. Required: 1. Prepare a CVP graph with Units Sold as the...
-
What are the criteria used in planning the next iteration during elaboration phase?
-
Encapsulation is also known as (a) information hiding (b) interface management (c) polymorphism (d) aggregation
-
What happened in the inception phase while entering the elaboration phase?
-
Which of the following statements is true about an object? (a) An object is an instance of the class. (b) Real-world objects share two characteristics-state and behavior. (c) A and B (d) None of the...
-
Why do we need object orientation in the development process?
-
A juvenile delinquent wants to break a window near the top of a tall building using a rock. The window is 30 m above ground level, and the base of the building is 20 m from his hiding spot behind a...
-
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
-
The popular vehicle car colors are shown. Construct a pie graph for the data. White......... 19% Silver.......18 Black........16 Red ..........13 Blue .........12 Gray ........12 Other........10
-
In a recent survey, 3 in 10 people indicated that they are likely to leave their jobs when the economy improves. Of those surveyed, 34% indicated that they would make a career change, 29% want a new...
-
State which graph (Pareto chart, time series graph, or pie graph) would most appropriately represent the given situation. a. The number of students enrolled at a local college for each year during...
-
An investor put 60 percent of his money into a risky asset offering a 10 percent return with a standard deviation of return of 8 percent, and he put the balance of his risk-free asset offering 5...
-
There is a bonus with the following characteristics: nominal value $98.650.000 annual coupon rate 4.5% term 5 years, tir 6.5% A) Calculate the price of the bond assuming it is zero coupon B)...
-
Ida Company produces a handcrafted musical Instrument called a gamelan that Is similar to a xylophone. The gamelans are sold for $949. Selected data for the company's operations last year follow:...
Study smarter with the SolutionInn App