Work the following binomial distribution problems by using the normal distribution. Check your answers by using Table
Question:
Work the following binomial distribution problems by using the normal distribution. Check your answers by using Table A.2 to solve for the probabilities.
a. P(x = 12 | n = 25 and p = .60).
b. P(x > 5 | n = 15 and p = .50).
c. P(x ≤ 3 | n = 10 and p = .50).
d. P(x ≥ 8 | n = 15 and p = .40).
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:
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Question Posted: