Using the ROI data set:

1. What are the 4 characteristics of a binomial experiment from the textbook?Explain HOW thefollowing scenario fits EACH of the requirements for a binomial experiment.In other words, you are justifying why this scenario fits each of the 4 criteria.Scenario:We select a college from the business major spreadsheet and then record whether it is of 'School Type' 'Private' or not.We repeat this process 70 times.
2. For each of the 2 majors determine if the 'Annual % ROI' appears to be normally distributed.Put in the histogram from Week 1 (make sure you corrected it if you need to) and the measures of central tendency (mean and median) to justify your results.

Interpretation for the project Week 8

There is not a lot that will go into the paper from this week.In general, write two or three statements below about why normal distributions are advantageous in statistics.