To Use the Normal Distribution to Approximate the Binomial Distribution

question 164

Short Answer

To use the normal distribution to approximate the binomial distribution, we need ________ and ________ to be at least 5.

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Definitions:

Evaluation

The act of evaluating or judging the significance, worth, or quality of an item.

Awareness

The level of consumer knowledge about a product, brand, or issue, which is crucial for marketing and communication strategies.

Interest

The cost of borrowing money, typically defined as a percentage of the principal amount that is charged by lenders to borrowers for the use of the funds.

Promotion-to-Sales Ratio

A metric used to measure the effectiveness of a marketing campaign, calculated by dividing the cost of promotion by the sales generated.