Calculate or Use a Table to Find the Binomial Probability $P ( x \geq 20 )$

question 45

Essay

Calculate or use a table to find the binomial probability $P ( x \geq 20 )$ when $n = 25$ and $p = .5$ . Also use the normal approximation to calculate the probability.

---

Definitions:

Resources-Based View

A strategic framework that emphasizes the importance of internal capabilities and resources in gaining competitive advantage.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, often through unique resources, capabilities, or positioning.

Transactional Activity

Transactional Activity refers to the routine, day-to-day operations and transactions within an organization, such as payroll processing and record-keeping.

Human Capital

The value of an individual’s competencies and capabilities, which is considered an asset to an organization’s performance and efficiency.