Approximate the Following Binomial Probabilities by the Use of Normal

question 60

Short Answer

Approximate the following binomial probabilities by the use of normal approximation.
a.P(X = 18, n = 50, p = 0.3)
b.P(X 15, n = 50, p = 0.3)
c.P(X 12, n = 50, p = 0.3)
d.P(12 X 18, n = 50, p = 0.3)

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Definitions:

Savings Accounts

A bank account which pays interest on deposits and is typically used for holding money that is not intended for daily expenses.

Checking Accounts

Checking accounts are bank accounts that allow for easy access to funds, typically through checks, debit cards, and electronic transfers, for daily transactions.

Observational Data

Data collected through watching and recording events as they occur naturally without intervention or manipulation.

Individual Interviews

A qualitative research method involving one-on-one conversations between a researcher and a participant to gather deep insights and information.