1. Why is it convenient to use a normal distribution to approximate a binomial distribution? Under what...
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1. Why is it convenient to use a normal distribution to approximate a binomial distribution? Under what conditions is this approximation appropriate?
2. Explain why and how we make a continuity correction when approximating a binomial distribution with a normal distribution.
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The normal distribution is commonly used to approximate a binomial distribution because it simplifies calculations and provides a close approximation ...View the full answer
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Related Book For 
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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