Use the Normal Model to Approximate the Binomial

question 9

Multiple Choice

Use the Normal model to approximate the Binomial.
-According to the Census Bureau, 68% of Americans owned their own home in 2003.
A local real estate office wants to see if this is the case for its area. The office selects a
Random sample of 200 people to estimate the percentage who own their own homes. The
Standard deviation of the Normal model used to approximate this distribution is

• A) 136
• B) 64
• C) 43.52
• D) 6.597
• E) 2.365

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Definitions:

Tacit Agreements

Unspoken understandings or contracts between parties, often based on common norms or expectations rather than explicit communication.

Social Change

The alteration in the social order of a society, which may include changes in nature, social institutions, social behaviors, or social relations.

Social Order

refers to the structured patterns of social arrangements and behaviors that form the foundation of society, enabling coordinated and cooperative human activity.

Low Rank Positions

Jobs or roles within an organization or hierarchy that are at the lower levels of authority or status.