For the Binomial Distribution with the Given Values for N

question 154

Multiple Choice

For the binomial distribution with the given values for n and p
-n = 15 and p = .2

• A)Normal approximation is not suitable.
• B)Normal approximation is suitable.

---

Definitions:

Lower Costs

The process or strategy of reducing expenses incurred in operations, production, or providing services to increase profitability.

Competitive Advantage

A unique attribute or position that allows a company to outperform its competitors.

Customer's Tastes

Customer's tastes refer to the preferences, inclinations, and discretionary choices of consumers that influence their purchasing behavior and affect how businesses market and sell products or services.

Competitive Advantage

Competitive advantage is a condition or circumstance that puts a company in a favorable or superior business position compared to its competitors, often through unique resources, capabilities, or strategies.