True or False: as a General Rule,one Can Use the Normal

question 1

True/False

True or False: As a general rule,one can use the normal distribution to approximate a binomial distribution whenever the sample size is at least 15.

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Definitions:

Market-Based Price Model

A pricing strategy that considers the prices of competitors and market demand to set the price of a product or service.

Channel Assembly

A system that postpones final assembly of a product so the distribution channel can assemble it.

Bullwhip Effect

A phenomenon in supply chains where minor fluctuations in demand at the retail level cause increasingly larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.

Environmental Supply-Chain Risks

Risks associated with environmental factors that can affect the supply chain, including natural disasters, climate change, and resource depletion.