Assuming That All Conditions Are Met to Approximate a Binomial $P ( x \geq 19 )$

question 77

Multiple Choice

Assuming that all conditions are met to approximate a binomial probability distribution with the standard normal distribution, then to compute $P ( x \geq 19 )$ from the binomial distribution we must compute as the normal approximation.

• A) \(\mathrm { P } ( \mathrm { x } \geq 18.5 )\)
• B) \(\mathrm { P } ( \mathrm { x } \leq 18.5 )\)
• C) \(\mathrm { P } ( \mathrm { x } \geq 19.1 )\)
• D) \(\mathrm { P } ( \mathrm { x } \leq 18.9 )\)

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Definitions:

Relevant Product Market

The specific market segment comprising products or services that are considered direct substitutes for each other, based on characteristics, prices, and intended use.

Functional Interchangeability

The ability of a product or component to be replaced or substituted with another that performs the same function.

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic business practices and promotes fair competition.

Monopolies

Situations or sectors where a single company or entity has exclusive control over a particular good or service, limiting competition.