Suppose that x has a binomial distribution with n = 25 and p = 0.3. a. Explain

Question:

Suppose that x has a binomial with n = 25 and p = 0.3.
a. Explain why the normal approximation is reasonable.
b. Find the mean and standard deviation of the normal that is used in the approximation.
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...