Question: Can a normal distribution always be used to approximate a binomial distribution? Explain.

Can a normal distribution always be used to approximate a binomial distribution? Explain.

Step by Step Solution

★★★★★

3.40 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

No For the ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1310-B-C-A-E-T(1646).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Q:

Extended Learning Exercise A company is producing a high-volume item that sells for $0.75 per unit. The variable production cost is $0.30 per unit. The company is able to produce and sell 10,000,000...

Q:

When we use a normal distribution to approximate a binomial distribution, why do we make a continuity correction?

Q:

The limited source model can often be used to approximate the behavior of a computers CPU (central processing unit). Suppose that 20 terminals (assumed to always be busy) feed the CPU. After the CPU...

Q:

Statistical Literacy Can a normal distribution always be used to approximate a binomial distribution? Explain. AppendixLO1

Q:

Stanford University conducted a study of whether running is healthy for men and women over age 50. During the first eight years of the study, 6.9% of the 591 members of the 50-Plus Fitness...

Q:

b. Which distribution should you use for this problem? Explain your choice. (0.028) (0.972) x P' ~ N (0.028, 526 ) , since a normal distribution can be used to approximate a binomial distribution....

Q:

Help Stanford University conducted a study of whether running is healthy for men and women over age 50. During the first eight years of the study, 2.4% of the 521 members of the 50-Plus Fitness...

Q:

MDM4U f1+ B - Normal Distriubtion Assignment Answer all questions with full solutions. Make sure your work is legible, even after you have scanned it, and submit it as a single file. 1. Look at the...

Q:

B myopenmath.com Part 1 of 4 For a binomial experiment with n = 116 and p = 0.24, we will use the normal approximation to the binomial distribution to find P(19 s x s 40). What is the value of np?...

Q:

1. Suppose you have a binomial distribution exercise with n = 20 and p = 0.5 , you want to know what is the probability of obtaining ten successes. Using the normal approximation to the binomial, the...

Q:

The following is the December Payroll Register for Snowman Inc. Each of the employees are paid monthly at the end of the month. Employee Income Tax $1,250.00 900.00 Names Monthly Salary El $5,000.00...

Q:

Using the model s = questions. + vot + so with g = 32 ft/sec or g = 9.8 m/sec, solve the following In a classic Seinfeld episode, Jerry tosses a loaf of bread (a marble rye) straight upward to his...

Q:

A Balanced Scorecard is a dashboard of KPIs to help a company determine if they are meeting their objectives and targets. True False Clear selection Question

Q:

24. Suppose that n 1, the nth moment of a random variable X, is given by E(Xn) = (n + 1)! 2n. Find the distribution of X.

Q:

(Assumptions, Principles, and Constraints) Presented below are a number of operational guidelines and practices that have developed over time. Select the assumption, principle, or constraint that...

Q:

(Accounting PrinciplesComprehensive) Presented below are a number of business transactions that occurred during the current year for Fresh Horses, Inc. In each of the situations, discuss the...

Q:

(Accounting PrinciplesComprehensive) Presented below is information related to Garth Brooks, Inc. Comment on the appropriateness of the accounting procedures followed by Garth Brooks, Inc. (a)...

Q:

Principles of Risk Management and Insurance (12 ed) Ch. 18 Case Application Sam, age 35, and Kathy, age 33, are married and have a son, age 1. Sam is emplyed as an accountant and easrns $75,000...

Q:

ACC #2 Scenario Information Read the scenario located in Problems Series A, section 8-19A of Ch. 8, Performance Evaluation, of Fundamentals of Managerial Accounting Concepts . This scenario puts you...

Q:

Southfolk Shipbuilders has two main business lines (Assembly and Repair) and three support departments (Information Technology, Facility and Human Resources). The following financial information from...