Where appropriate, work the following binomial distribution problems by using the normal curve. Also, use Table A.2
Question:
Where appropriate, work the following binomial distribution problems by using the normal curve. Also, use Table A.2 to find the answers by using the binomial distribution and compare the answers obtained by the two methods.
a. P (x = 8 | n = 25 and p = .40) =?
b. P (x ≥ 13 | n = 20 and p = .60) =?
c. P (x = 7 | n = 15 and p = .50) =?
d. P (x < 3 | n = 10 and p = .70) =?
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...
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a P x 8 n 25 and p 40 n p 2540 10 npq 254060 2449 3 10 32449 10 7347 2653 to 17347 lies between 0 an...View the full answer
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Related Book For 
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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