Question: Basic Computation: Normal Approximation to a Binomial Distribution Suppose we have a binomial experiment with n 5 40 trials and a probability of success p
Basic Computation: Normal Approximation to a Binomial Distribution Suppose we have a binomial experiment with n 5 40 trials and a probability of success p 5 0.50.
(a) Is it appropriate to use a normal approximation to this binomial distribution? Why?
(b) Compute m and s of the approximating normal distribution.
(c) Use a continuity correction factor to convert the statement r $ 23 successes to a statement about the corresponding normal variable x.
(d) Estimate P(r $ 23).
(e) Interpretation Is it unusual for a binomial experiment with 40 trials and probability of success 0.50 to have 23 or more successes? Explain.
AppendixLO1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
