With n = 8 and p = 0.9, find P (at least 6). Do the following: (a)
Question:
With n = 8 and p = 0.9, find P (at least 6).
Do the following: (a) Find the indicated binomial probability by using Table A-1 in Appendix A. (b) If np ≥ 5 and nq ≥ 5, also estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution; if np < 5 or nq < 5, then state that the normal approximation is not suitable.
Table A-1 Binomial Probabilities
DistributionThe 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...
Transcribed Image Text:
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