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:

Increase

To become progressively greater in size, amount, number, or intensity.

Percent

A part or other object per hundred, used in making comparisons or showing proportion.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, often used as an indicator of inflation.

Percent Increase

The ratio, expressed as a percentage, by which a quantity increases relative to its original value.