Under Certain Conditions Where N Is Large Enough,you Can Approximate

question 138

Short Answer

Under certain conditions where n is large enough,you can approximate the ____________________ distribution using the ____________________ distribution.

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Definitions:

Supply

The total amount of a specific good or service that is available to consumers in a market at a given time and price.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a state of market balance.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices.

Supply

The total amount of a good or service available for purchase by consumers at a given price level and time.