Briefly explain why it is useful for us to be able to approximate the binomial and Poisson

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Briefly explain why it is useful for us to be able to approximate the binomial and Poisson distributions by using a normal distribution. Explain how we make this approximation.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 11, 2024 12:00 AM

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Briefly explain why it is useful for us to be able to approximate the binomial and Poisson

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The binomial distribution and Poisson distributions can often be approximated by the normal distribution this is particularly useful for computational ...View the full answer

Statistics For Business And Financial Economics

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