In the Sign Test Applications, the Normal Approximation to the Binomial

question 24

Short Answer

In the sign test applications, the normal approximation to the binomial distribution may be used whenever the number of nonzero differences is greater than or equal to: $\begin{array}{|l|l|}\hline\text { A. } & 5 \\\hline \text { B. } & 20 \\\hline \text { C. } & 10 \\\hline \text { D. } & 30 \\\hline\end{array}$

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Definitions:

Cash Dividend

A payment made by a company to its shareholders, usually as a distribution of profits.

Journal Entry

A record in the books of accounts that represents a business transaction, including the accounts and amounts to be debited and credited.

Dividend Yield Ratio

A business ratio reflecting the amount a firm disburses in dividends annually compared to the price of its shares.

Dividend Policy

A company's strategy outlining how often dividends will be paid to shareholders and in what amount.