For the Given Binomial Sample Size and Null-Hypothesized Value Of \mathrm

question 130

Multiple Choice

For the given binomial sample size and null-hypothesized value of $$\mathrm { P } 0 ,$$ determine whether the sample size is large
enough to use the normal approximation methodology to conduct a test of the null hypothesis $$\mathrm { H } _ { 0 } : \mathrm { p } " \mathrm { P } 0$$
- $$\mathrm { n } = 800 , \mathrm { p } 0 = 0.99$$

• A)No
• B)Yes

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Definitions:

Bounded Rationality

The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.

Mathematical Abilities

The capacity to perform and understand various mathematical operations and concepts.

Optimal Decision

The best choice available from a set of alternatives, given a specific set of criteria or constraints.

Modern Environment

The contemporary physical, social, economic, and political surroundings in which individuals or societies exist.