Binomial Distributions in Which the Sample Sizes Are Large May

question 52

True/False

Binomial distributions in which the sample sizes are large may be approximated by a Poisson distribution.

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Definitions:

Normally Distributed Population

A population with a distribution that has a characteristic bell-shaped curve where most of the data points cluster around the mean.

Standard Deviation

An indicator of the degree of difference or spread within a collection of numbers.

Confidence Interval

A series of numbers, derived from analyzing a sample, assumed to encircle the value of a concealed population parameter.

Credit Card Customers

Individuals or entities that have been issued a credit card by a financial institution.