n = 85, p = 0.8, x = 70 Compute P(x) using the binomial probability formula. Then

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n = 85, p = 0.8, x = 70

Compute P(x) using the binomial probability formula. Then determine whether the normal distribution can be used as an approximation for the binomial distribution. If so, approximate P(x) and compare the result to the exact probability.

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...
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Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

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