Approximate Binomial Probabilities Using the Normal Distribution

question 51

Essay

Approximate Binomial Probabilities Using the Normal Distribution
-In a recent survey, 84% of the community favored building more parks in their neighborhood. You randomly select 18 citizens and ask each if he or she thinks the community needs more parks. Decide whether you can use the normal distribution to approximate the binomial distribution. If so, find the mean and standard deviation. If not, explain why.

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Definitions:

MRP II

Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies, expanding beyond Material Requirements Planning (MRP).

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

Master Production Schedule

A detailed plan that outlines when and how much of each product will be produced over a certain period.