Why do we need a correction for continuity when approximating a binomial probability with the normal distribution?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
The binomial probability distribution is a discrete distribution The random var...View the full answer
Answered By
Akshay Agarwal
I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.
5.00+
179+ Reviews
294+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Why do we need a units-free measure of the responsiveness of the quantity supplied of a good or service to a change in its price?
-
Why do we need a units-free measure of the responsiveness of the quantity demanded of a good or service to a change in its price?
-
Why do we need special legislation designed to control foreign libel claims against U.S. citizens? As mentioned earlier, U.S. plaintiffs sometimes engage in forum shopping by trying to have their...
-
You have the following frequency distribution of the Travel Time to work for residents in South Beach neighborhood. Please answer the questions that follow after the Frequency Table. Travel Time a....
-
In Problem 7, in the long run, a. Do firms have an incentive to enter or exit the paper market? b. If firms do enter or exit the market, explain how the economic profit or loss of the remaining paper...
-
1. What proportion of the blame for Air Canadas difficulties rests with the top management of Air Canada, and what proportion rests with the companys unions? Defend your answer. 2. Air Canada has had...
-
Estimate the steady-state concentration profile when a typical albumin solution is subjected to a centrifugal field of 30000 times the force of gravity under the following conditions: the cell length...
-
The DoorRed pharmacy has 25 retail outlets in the Chicago region. The current policy is to carry every drug in each retail outlet. DoorRed is investigating the possibility of centralizing some of the...
-
Image transcription text QUESTION 1 Diffusion (a) The diffusion coefficients for carbon in nickel are given at two temperatures as shown in Table 1: Table 1 diffusion coefficients for carbon in...
-
The City of Berrysville intends to purchase a new computer system. After extensive search and comparison, the committee responsible for selecting the new system has narrowed the alternatives to two:...
-
Refer to the Southern Economic Journal (Apr. 2008) rankings of Ph.D. programs in economics at 129 colleges and universities, Exercise. Recall that the number of publications published by faculty...
-
Assume that x is a binomial random variable with n and p as specified in parts af that follows. For which cases would it be appropriate to use a normal distribution to approximate the binomial...
-
Describe the structure of an alveolus, and explain how it is suited for gas exchange?
-
Modify Solved Problem 10.4 to show that the PPF more closely approximates a quarter of a circle if there are five people rather than three. One of the two new people, Bill, can produce five piles of...
-
Write a program that reads the three numbers from the file created in the previous exercise. After the data are read, display the smallest and the largest of the three numbers.
-
Even by the standards of modern management myths, the British Airways transformation is impressive. At the end of the 1970s and the start of the 1980s BA was performing disastrously against almost...
-
Select three distinct jobs of your choice. Go to the Occupational Information Network (O*NET), http://onetonline.org. Review the major tasks for each job. Then, for each job, identify what you...
-
The purpose of this exercise is to give readers an opportunity to analyze the benefits provided by a healthcare organization. Visit the human resources department of a local hospital, and answer the...
-
Journalise the following transactions: a. A Ltd. issued 40,000 shares of 10 each for cash. The whole amount is duly received. b. AB Ltd. issued 10,000 shares of 10 each for cash at premium of 2 each....
-
Explain the Hawthorne effect.
-
According to the journal Chemical Engineering, an important property of a fiber is its water absorbency. A random sample of 20 pieces of cotton fiber is taken and the absorbency on each piece was...
-
A certain polymer is used for evacuation systems for aircraft. It is important that the polymer be resistant to the aging process. Twenty specimens of the polymer were used in an experiment. Ten were...
-
In a study conducted by the Department of Mechanical Engineering at Virginia Tech, the steel rods supplied by two different companies were compared. Ten sample springs were made out of the steel rods...
-
Respond to the ethical scenario o r respond to the presentation in a Global Table. All responses should be one full page that is typed and double-spaced. Ethical scenarios 1.Recently, Professor...
-
1.Explain why senior management might overstate or understate business performance. 2.Identify and explain three methods financial statement fraudmay be committed. 3.Explain how fictitious revenue...
-
What results have researchers found on what therapy is better clinical psychology therapists or positive psychology therapists?
Study smarter with the SolutionInn App