One of the Reasons That a Correction for Continuity Adjustment

question 162

True/False

One of the reasons that a correction for continuity adjustment is needed when approximating the binomial distribution with a normal distribution is because the probability of getting a specific value of a random variable is zero with the normal distribution.

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Definitions:

Commercial Lease Agreements

Legal contracts between a landlord and a business for the rental of property used for commercial activities.

Public Policy

Public policy encompasses the laws, regulations, actions, and decisions of government that reflect the attitudes and rules for the public.

Assignment and Subleasing

Legal arrangements that allow a tenant to transfer their lease interest to another party, either completely (assignment) or partially (subleasing).

Ambiguous Contract Language

Refers to vague or unclear terms within a contract that can lead to different interpretations by the parties involved.