For a binomial distribution with n = 10 and p = 0.5, we should not use the

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For a binomial distribution with n = 10 and p = 0.5, we should not use the Poisson approximation because the conditions n ≥ 100 and np ≤ 10 are not both satisfied. Suppose we go way out on a limb and use the Poisson approximation anyway. Are the resulting probabilities unacceptable approximations? Why or why not?

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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Elementary Statistics

ISBN: 9780321500243

11th Edition

Authors: Mario F. Triola

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