Determine If It Is Appropriate to Use the Normal Distribution $n = 5 \text { and } p = 0.1$

question 207

Short Answer

Determine if it is appropriate to use the normal distribution to approximate a binomial distribution when $n = 5 \text { and } p = 0.1$

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Private Saving

The amount of income that households save after accounting for their spending and taxes.

Investment

The allocation of resources, usually financial, into assets or projects expected to yield future profits or revenue.

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Raising capital through the borrowing of funds to be paid back at a later date, often with interest.

Equity Finance

A method of raising capital by selling company shares to investors, in exchange for ownership interest.