Given That X Is a Binomial Random Variable with Very

question 141

Multiple Choice

Given that X is a binomial random variable with very large n,the binomial probability P(X = 5) is approximated by the area under a normal curve between

• A)5 and 5
• B)4 and 6
• C)4.5 and 5.5
• D)None of these choices.

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Definitions:

Tax Revenues

The proceeds that governments secure by enacting taxes.

Tax

A financial charge or levy imposed by a government on individuals or entities, primarily used to fund public expenditures.

Deadweight Loss

Economic inefficiency created by a divergence from the optimal market equilibrium, often caused by taxes, subsidies, or other market interventions.

Beer

An alcoholic beverage made from the fermentation of cereal grains, primarily barley, with hop additions for flavor.