When N Is Reasonably Large and P Isn't Too Close

question 31

Multiple Choice

When n is reasonably large and p isn't too close to 0 or 1, the binomial distribution can be well approximated by which of the following distributions?

• A) uniform distribution
• B) normal distribution
• C) triangular distribution
• D) none of these choices

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Definitions:

Obtaining Insurance

The process of acquiring a policy that provides financial protection against losses or damages from various risks.

Proportionate Share

A part or portion of something that is divided among parties based on a specific criterion, often related to ownership or contribution.

Multiple Insurance

The practice of holding more than one insurance policy on the same item or person, often to provide additional coverage in case of loss or damage.

Insured's Liability

The obligations or responsibilities for which an insured party is covered under an insurance policy.